15.06.2015 - Duke Energy, Norwegian fund in talks that could salvage $420M investment
Duke Energy and some other U.S. power companies may qualify for some caveats allowed in Norway’s plan to divest its pension funds from companies that get at least 30 percent of their revenue from coal operations. Duke spokesman Dave Scanzoni says the Charlotte-based power giant has been in contact with representatives of Norges Bank, which administers the $420 million-plus Norwegian investment in Duke, about the new measure. They plan to continue discussions in the coming months, making the case that Duke has existing plans for a significant reduction in its dependence on coal in the next few years. Marthe Skaar, spokeswoman for Norges, would not confirm any conversations with companies the fund invests in...............................................Full Article: Source
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