| University of Oxford study details the top 40 companies facing divestment from Norwegian pension fund following crucial vote. The bleak outlook for the global coal industry took another turn for the worse over the weekend, as many of the sector's leading lights were forced to digest the news that the world's largest sovereign wealth fund wants nothing to do with them.
Confirmation came on Friday in the form of a vote by the Norwegian parliament, rubberstamping proposals to divest the $945bn Government Pension Fund Global from mining companies that derive more than 30 per cent of their revenues from coal and power companies that base more than 30 per cent of their activity on the fuel...............................................Full Article: Source |