| Academics, civil engineers and architects in Denmark have voted in favour of their pension funds selling off coal and high risk oil and gas investments, because of the role of fossil fuels in driving climate change. Together the six pension funds for Danish professionals cover 200,000 people, about 5% of all workers, and have €32bn (£23bn) of assets.
The region’s biggest fund manager Nordea and Norway’s sovereign wealth fund, the world’s biggest, have sold out of dozens of coal companies. On Monday, Norway’s £580bn sovereign wealth fund said it had cut by 40% its investments in companies whose sole business is coal mining and also suggested to general mining companies, in which the fund has much bigger stakes, that they spin off their coal assets...............................................Full Article: Source
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