| Decision by Norwegian fund, worth more than £570bn, expected to affect between 50 and 75 international companies. Norway's parliament has voted to pull its sovereign wealth fund - the world's biggest - out of coal, in what is seen as a major victory for environmentalists.
The parliament voted unanimously that the fund - worth almost seven trillion kroner (£577.6bn) - must sell its holdings in mining and power companies that generate more than 30pc of their output or revenue from coal. The decision is expected to affect between 50 and 75 international companies, representing holdings of 35bn to 40bn kroner, according to finance ministry calculations...............................................Full Article: Source
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