Opalesque Sovereign Wealth Funds Briefing » Ethical/Green Investments http://www.opalesque.com/SWF_Briefing Wed, 30 Nov 2016 00:20:03 +0000 http://wordpress.org/?v=2.5.1 en Saudi Sovereign Wealth Fund to Invest in Alabbar-Led Company http://www.opalesque.com/SWF_Briefing/?p=21089 http://www.opalesque.com/SWF_Briefing/?p=21089#comments Tue, 29 Nov 2016 03:04:53 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21089 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21089>Article Link</a> Saudi Arabia’s sovereign-wealth fund said Monday that it will acquire a 50% stake in an investment company led by Emirati businessman Mohamed Alabbar. The deal comes after Adeptio AD Investments SPC Ltd. last month completed the purchase of a majority stake in Kuwait’s Americana, one of the Middle East’s largest operators of fast-food chains including KFC, TGI Friday’s Inc. and Pizza Hut. (more…)

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Moroccan Sovereign Fund Seeks Investors to Tackle Climate Change http://www.opalesque.com/SWF_Briefing/?p=21073 http://www.opalesque.com/SWF_Briefing/?p=21073#comments Wed, 23 Nov 2016 23:47:08 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21073 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21073>Article Link</a> As millions took to the streets throughout North Africa during the Arab Spring of 2011, the Kingdom of Morocco, untouched but not unshaken, devised a plan to revamp the country’s infrastructure and promote tourism. (more…)

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Morocco’s sovereign wealth fund and World Bank launch Green Africa Fund http://www.opalesque.com/SWF_Briefing/?p=21039 http://www.opalesque.com/SWF_Briefing/?p=21039#comments Thu, 17 Nov 2016 23:51:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21039 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21039>Article Link</a> The World Bank Group and Ithmar Capital, a Moroccan Sovereign Investment Fund, signed on Wednesday in Marrakech a memorandum of understanding relating to the establishment of a Green Growth Infrastructure Facility for Africa (GGIF Africa), the first pan-African fund dedicated to green investment in the continent. (more…)

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Abu Dhabi fund Mubadala may invest in Russian vegoil, rice firms http://www.opalesque.com/SWF_Briefing/?p=20995 http://www.opalesque.com/SWF_Briefing/?p=20995#comments Tue, 15 Nov 2016 00:38:48 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20995 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20995>Article Link</a> Abu Dhabi state investmentvehicle Mubadala Development Co may invest in avegetable oil producer and a rice producer in Russia, a Russianstate-backed fund said, in a rare Gulf investment into thecountry’s commodities sector. (more…)

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New Zealand Wealth Fund Focused on Climate Change Resilience http://www.opalesque.com/SWF_Briefing/?p=20966 http://www.opalesque.com/SWF_Briefing/?p=20966#comments Wed, 09 Nov 2016 00:01:38 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20966 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20966>Article Link</a> New Zealand’s sovereign wealth fund plans to protect its portfolio from climate change risks by cutting fossil fuel exposure and seeking greener investments, its chief executive said. The NZ$31 billion ($22.71 billion) fund, established to support New Zealand’s retirees, is hosting an annual meeting for some of the world’s biggest sovereign funds in Auckland on Nov 8-11. (more…)

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New Zealand wealth fund focused on climate change resilience http://www.opalesque.com/SWF_Briefing/?p=20960 http://www.opalesque.com/SWF_Briefing/?p=20960#comments Tue, 08 Nov 2016 00:37:23 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20960 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20960>Article Link</a> New Zealand’s sovereign wealth fund plans to protect its portfolio from climate change risks by cutting fossil fuel exposure and seeking greener investments, its chief executive said. The NZ$31 billion ($22.71 billion) fund, established to support New Zealand’s retirees, is hosting an annual meeting for some of the world’s biggest sovereign funds in Auckland on Nov 8-11. (more…)

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Rod Oram: The climate change shift http://www.opalesque.com/SWF_Briefing/?p=20873 http://www.opalesque.com/SWF_Briefing/?p=20873#comments Mon, 24 Oct 2016 02:48:37 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20873 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20873>Article Link</a> Two reports released on Wednesday, outline New Zealand’s opportunities and risks in two crucial areas of the global transformation to a low carbon economy. The NZ Superannuation Fund described how it would apply climate change assessments to its entire investment strategy; and the Parliamentary Commissioner for the Environment detailed our issues with agricultural greenhouse gases. (more…)

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NZ Super Fund to implement climate change strategy http://www.opalesque.com/SWF_Briefing/?p=20862 http://www.opalesque.com/SWF_Briefing/?p=20862#comments Wed, 19 Oct 2016 22:38:52 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20862 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20862>Article Link</a> The Guardians of New Zealand Superannuation (the Guardians) have announced that the New Zealand Superannuation Fund (NZ Super Fund) – a sovereign wealth fund (SWF) worth NZ$30 billion (US$21.6 billion) in AUM – is to feature climate change strategy as a main focus of its portfolio. (more…)

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NZ Super fund to cut fossil fuels, makes “fundamental shift” to prepare for climate change http://www.opalesque.com/SWF_Briefing/?p=20861 http://www.opalesque.com/SWF_Briefing/?p=20861#comments Wed, 19 Oct 2016 22:38:38 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20861 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20861>Article Link</a> New Zealand’s sovereign wealth fund is promising to reduce its investments in fossil fuels and target clean energy in a bid to prepare for climate change. On Wednesday the New Zealand Superannuation Fund confirmed it was pledging cut the carbon footprint of its $30 billion portfolio, including selling down “high risk” investments. (more…)

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NZ Super to announce new climate focused investment standards http://www.opalesque.com/SWF_Briefing/?p=20846 http://www.opalesque.com/SWF_Briefing/?p=20846#comments Tue, 18 Oct 2016 22:44:45 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20846 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20846>Article Link</a> New Zealand’s $30 billion sovereign wealth fund is to announce new environmental investment rules, as part of a push towards sustainable investment. On Wednesday the New Zealand Superannuation Fund will announce rules designed to make its investment portfolio resilient to climate change. (more…)

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Where in the 1MDB scandal is Falcon Bank? http://www.opalesque.com/SWF_Briefing/?p=20821 http://www.opalesque.com/SWF_Briefing/?p=20821#comments Mon, 17 Oct 2016 00:27:28 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20821 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20821>Article Link</a> One after another, Swiss prosecutors are putting banks under scrutiny over the 1MDB scandal. On Wednesday Oct 12, the Swiss attorney-general’s office (OAG) announced that it was initiating criminal proceedings against Falcon, after doing the same with BSI on May 23. (more…)

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Should Leonardo DiCaprio resign from UN climate change post? http://www.opalesque.com/SWF_Briefing/?p=20820 http://www.opalesque.com/SWF_Briefing/?p=20820#comments Mon, 17 Oct 2016 00:27:09 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20820 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20820>Article Link</a> Leonardo DiCaprio at UN: A lawsuit claims that the actor’s environmental protection charity, the Leonardo DiCaprio Foundation, is one of the businesses to receive donations allegedly embezzled from the 1MDB fund. (more…)

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KIC sues Volkswagen over emission scandal on behalf of S.Korea govt http://www.opalesque.com/SWF_Briefing/?p=20751 http://www.opalesque.com/SWF_Briefing/?p=20751#comments Wed, 05 Oct 2016 02:15:37 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20751 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20751>Article Link</a> Korea Investment Corporation (KIC), South Korea’s sovereign wealth fund, has lodged a lawsuit against Volkswagen on behalf of the South Korean government and the Bank of Korea over the German carmaker’ emissions cheating scandal, in its first legal action against a foreign company to seek damages, government sources said on Oct. 3. (more…)

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Future Fund wants renewables for yield, not green glow http://www.opalesque.com/SWF_Briefing/?p=20737 http://www.opalesque.com/SWF_Briefing/?p=20737#comments Mon, 03 Oct 2016 01:53:46 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20737 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20737>Article Link</a> The Future Fund might have ploughed $400 million into AGL Energy’s renewable energy fund but it isn’t turning green, chairman Peter Costello says. It’s just the fact that the returns on renewable energy are guaranteed by state and federal legislation that make the sector attractive at a time when above inflation returns have rarely been harder to find. (more…)

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Angolan sovereign fund targets 8 pct return with farm investments http://www.opalesque.com/SWF_Briefing/?p=20656 http://www.opalesque.com/SWF_Briefing/?p=20656#comments Tue, 20 Sep 2016 00:15:43 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20656 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20656>Article Link</a> Angola’s sovereign wealth fund has started investing in local state-owned farms to make them commercially viable for producing and exporting soft commodities, the fund’s chairman Jose Filomeno dos Santos said on Monday. (more…)

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Blackrock to sue VW over emissions scandal http://www.opalesque.com/SWF_Briefing/?p=20641 http://www.opalesque.com/SWF_Briefing/?p=20641#comments Fri, 16 Sep 2016 01:22:28 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20641 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20641>Article Link</a> Asset manager Blackrock and a group of institutional shareholders are to sue car maker Volkswagen for €2bn (£1.7bn) over its emissions scandal. Investors, including sovereign wealth funds and pension funds, are expected to file a complaint in a court in Braunschweig, Germany, on Friday. (more…)

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Why This Trillion-Dollar Wealth Fund Blacklisted Duke Energy Stock http://www.opalesque.com/SWF_Briefing/?p=20630 http://www.opalesque.com/SWF_Briefing/?p=20630#comments Wed, 14 Sep 2016 03:33:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20630 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20630>Article Link</a> On a black day for U.S. stocks in general, Duke Energy stock fared worse than most. As stocks all around it tumbled an average of 2.5% Friday, Duke dropped 3.5% — and it could get worse. As reported on Norway’s The Local news site, Norway’s sovereign wealth fund announced last week that it has added Duke Energy stock to a “blacklist” of stocks it will no longer invest in. (more…)

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Will Norway’s Oil Fund Pull Out Of Company Running Controversial Refugee Camps? http://www.opalesque.com/SWF_Briefing/?p=20623 http://www.opalesque.com/SWF_Briefing/?p=20623#comments Tue, 13 Sep 2016 01:12:48 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20623 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20623>Article Link</a> In the 18th century, a British navigator sailing past Nauru - a tiny island some 1,800 miles northeast of Australia – named it Pleasant Island. Now, in the 21st century, Australia is transferring asylum seekers to a detention camp on what was formerly known as Pleasant Island – now an independent nation with a population of 10,000 people –drawing harsh criticism over alleged abuse of the refugees’ human rights. (more…)

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The World’s Biggest Oil-Dependent Wealth Fund Goes Full Libtard http://www.opalesque.com/SWF_Briefing/?p=20608 http://www.opalesque.com/SWF_Briefing/?p=20608#comments Fri, 09 Sep 2016 01:19:04 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20608 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20608>Article Link</a> Norway’s massive wealth fund said Wednesday it is divesting from one of the largest U.S. utilities over concerns it is not doing enough to reduce pollution. The country’s oil-dependent $900 billion sovereign wealth fund said it can no longer hold assets in Duke Energy, or its subsidiaries, primarily because of the utility’s supposedly poor track record handling coal ash left over from burned coal mixed with water. (more…)

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Norway’s Sovereign-Wealth Fund to No Longer Invest in Duke Energy http://www.opalesque.com/SWF_Briefing/?p=20601 http://www.opalesque.com/SWF_Briefing/?p=20601#comments Thu, 08 Sep 2016 01:19:40 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20601 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20601>Article Link</a> Norway’s sovereign-wealth fund, the world’s largest, said it would no longer invest in Duke Energy Corp. over the Charlotte, N.C.-based utility’s environmental record, a rare move against a specific company to penalize conduct. (more…)

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Pollution woes prompt SWF to dump Duke Energy http://www.opalesque.com/SWF_Briefing/?p=20600 http://www.opalesque.com/SWF_Briefing/?p=20600#comments Thu, 08 Sep 2016 01:19:30 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20600 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20600>Article Link</a> One of the world’s largest investment funds is dumping its shares in Duke Energy Corp. because it sees too much risk in what it called the largest U.S. electric company’s history of environmental damage, the fund’s managers announced Wednesday. (more…)

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Temasek reorganises its philanthropic organisations to better serve community http://www.opalesque.com/SWF_Briefing/?p=20588 http://www.opalesque.com/SWF_Briefing/?p=20588#comments Wed, 07 Sep 2016 04:11:31 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20588 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20588>Article Link</a> Investment company Temasek announced on Tuesday (Sept 6) the launch of its new philanthropic platform, to better serve the evolving needs of the community. “The new platform aims to enhance overall effectiveness by optimising resources in the delivery of programmes to beneficiaries, and to increase collaboration to achieve better outcomes,” said Temasek in a statement. (more…)

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Old Mutual, SWF to invest in Nigerian real estate, agriculture http://www.opalesque.com/SWF_Briefing/?p=20434 http://www.opalesque.com/SWF_Briefing/?p=20434#comments Mon, 15 Aug 2016 03:56:49 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20434 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20434>Article Link</a> Anglo-South African financial services firm Old Mutual and Nigeria’s sovereign wealth fund on Friday signed agreements to set up two funds to invest in real estate and agriculture in Africa’s most populous nation. Old Mutual and Nigeria Sovereign Investment Authority (NSIA) said they would jointly raise a $500 million fund to invest in real estate and another $200 million to spend on agriculture projects in Nigeria. (more…)

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Khazanah eyes SunEdison’s solar assets http://www.opalesque.com/SWF_Briefing/?p=20390 http://www.opalesque.com/SWF_Briefing/?p=20390#comments Fri, 05 Aug 2016 01:41:45 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20390 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20390>Article Link</a> Hinduja Group, the industrial conglomerate controlled by four billionaire brothers, and Malaysian sovereign fund Khazanah Nasional Bhd are among parties vying for SunEdison Inc’s Indian solar assets, people familiar with the matter said. (more…)

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Norway To Drill For Oil To Fund Its Green Spending http://www.opalesque.com/SWF_Briefing/?p=20367 http://www.opalesque.com/SWF_Briefing/?p=20367#comments Wed, 03 Aug 2016 01:49:49 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20367 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20367>Article Link</a> Norwegian government officials announced Monday they intend to fight global warming by spending money derived from oil and gas drilling on green projects. The country is pouring lucrative subsidies into the electric car market from its oil and gas funded $890 billion sovereign wealth fund, and which they plan to use to become carbon neutral by 2030, ban gasoline-fueled cars and spend billions helping poor countries go green. (more…)

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Future Fund invests in solar and wind power plants http://www.opalesque.com/SWF_Briefing/?p=20356 http://www.opalesque.com/SWF_Briefing/?p=20356#comments Tue, 02 Aug 2016 01:25:54 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20356 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20356>Article Link</a> The Future Fund has invested in the development of large scale solar and wind power plants in Australia through its fund manager QIC. It is the $117.4 billion sovereign wealth fund’s first investment in its QIC infrastructure mandate, after nearly four years. (more…)

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Investment funds increase interest in Europe’s offshore wind farms-study http://www.opalesque.com/SWF_Briefing/?p=20322 http://www.opalesque.com/SWF_Briefing/?p=20322#comments Wed, 27 Jul 2016 23:59:49 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20322 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20322>Article Link</a> Norway’s $863 billion sovereign wealth fund, the world’s biggest, for instance said in April it had sold shares in 52 coal-dependent companies as part of a policy to fight climate change. (more…)

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Australia’s AGL and state-owned funds establish renewables fund http://www.opalesque.com/SWF_Briefing/?p=20314 http://www.opalesque.com/SWF_Briefing/?p=20314#comments Wed, 27 Jul 2016 03:14:44 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20314 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20314>Article Link</a> Australia’s second-largest energy retailer AGL Energy Ltd said on Wednesday it had set up the nation’s largest renewable energy fund, worth A$2-3 billion, with Australia’s sovereign wealth fund and a Queensland government-owned fund. (more…)

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Pua: 1MDB ’social welfare’ paid with taxpayers debt http://www.opalesque.com/SWF_Briefing/?p=20306 http://www.opalesque.com/SWF_Briefing/?p=20306#comments Tue, 26 Jul 2016 01:33:39 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20306 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20306>Article Link</a> Prime Minister Najib Abdul Razak’s claim that 1MDB had contributed immensely to social welfare is a “farce” as it is funded by debt that is borne by taxpayers, Petaling Jaya Utara MP Tony Pua says. Najib yesterday praised 1MDB Foundation for donating RM10.4 million to sponsor 1,100 pilgrims to perform the Haj this year. (more…)

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Big funds push back against activist investor settlements http://www.opalesque.com/SWF_Briefing/?p=20253 http://www.opalesque.com/SWF_Briefing/?p=20253#comments Tue, 19 Jul 2016 03:39:19 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20253 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20253>Article Link</a> After years of support for companies that hand board seats to activists to avoid a bruising public fight, some of the world’s largest institutional investors are pushing back. (more…)

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Norwegian Government Pension Fund excludes 10 SEA-companies http://www.opalesque.com/SWF_Briefing/?p=20212 http://www.opalesque.com/SWF_Briefing/?p=20212#comments Thu, 14 Jul 2016 03:29:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20212 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20212>Article Link</a> The Norwegian central bank (Norges Bank) has, as the first in the world, excluded 52 companies from its Government Pension Fund based on the companies inexpedient use of coal in their business activities. Philippine Aboitiz Power (AP) and 7 Chinese and 2 Hong Kong companies was hit by the exclusion. (more…)

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Norwegian fund drops Aboitiz due to coal use http://www.opalesque.com/SWF_Briefing/?p=20191 http://www.opalesque.com/SWF_Briefing/?p=20191#comments Tue, 12 Jul 2016 03:00:04 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20191 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20191>Article Link</a> The Norwegian central bank, Norges Bank, has dropped 52 companies including Aboitiz Power from its Government Pension Fund Global (GPFG) because of the companies’ business activities in coal. The list includes 22 firms from the United States;seven each from China and India; three from Japan; two each from Chile, Canada, Hong Kong and Australia; and one each from the United Kingdom, South Africa, Poland and Greece. (more…)

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Bill English: Super Fund, ACC investment in fast food not up to us http://www.opalesque.com/SWF_Briefing/?p=20166 http://www.opalesque.com/SWF_Briefing/?p=20166#comments Thu, 07 Jul 2016 03:48:53 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20166 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20166>Article Link</a> The Finance Minister has ruled out interfering in the investment decisions of the Super Fund and ACC. It has been revealed the agencies are putting around $260 million of taxpayers’ money into Coca-Cola, Pepsi, McDonalds and other fast food companies. (more…)

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Sahrawi Commission Hails Norway Divestment http://www.opalesque.com/SWF_Briefing/?p=20138 http://www.opalesque.com/SWF_Briefing/?p=20138#comments Mon, 04 Jul 2016 01:34:46 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20138 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20138>Article Link</a> The Western Sahara Petroleum and Minerals Commission welcomes the decision of Norway’s Sovereign Wealth Fund to withdraw its investments in companies Cairn Energy of the UK and Kosmos Energy of the US for their involvement in the looting the wealth of through illegal and unethical investment operations in the occupied part of Western Sahara. (more…)

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Norway oil fund drops investment in Cairn and Kosmos http://www.opalesque.com/SWF_Briefing/?p=20109 http://www.opalesque.com/SWF_Briefing/?p=20109#comments Wed, 29 Jun 2016 04:24:33 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20109 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20109>Article Link</a> Norway’s $835bn oil fund has excluded Cairn Energy of the UK and Kosmos Energy of the US from its portfolio over their continuing investment in oil exploration off the coast of Western Sahara. (more…)

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Norwegian sovereign fund divests companies over Western Sahara http://www.opalesque.com/SWF_Briefing/?p=20108 http://www.opalesque.com/SWF_Briefing/?p=20108#comments Wed, 29 Jun 2016 04:24:19 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20108 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20108>Article Link</a> The Norwegian sovereign wealth fund has divested two companies due to their involvement with oil extraction in Western Sahara. Norges Bank Investment Management (NBIM), responsible for the Government Pension Fund Global, said it heeded a recommendation by the Council of Ethics to sell its stakes in Cairn Energy and Kosmos Energy, worth a combined NOK475m (€49.6m) at the end of 2015. (more…)

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Abu Dhabi’s Masdar in talks for $800 mln loan to fund solar project http://www.opalesque.com/SWF_Briefing/?p=20103 http://www.opalesque.com/SWF_Briefing/?p=20103#comments Wed, 29 Jun 2016 04:23:06 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20103 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20103>Article Link</a> A consortium led by Abu Dhabi’s Masdar is aiming to raise an $800 million loan to help fund the building of the 800-megawatt (MW) third phase of Dubai’s solar park, the company’s chief executive said. (more…)

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Norway’s sovereign wealth fund files complaint against VW over emissions scandal http://www.opalesque.com/SWF_Briefing/?p=20095 http://www.opalesque.com/SWF_Briefing/?p=20095#comments Tue, 28 Jun 2016 01:22:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20095 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20095>Article Link</a> Norway’s sovereign wealth fund has filed a complain against Volkswagen as part of a joint legal action following the carmaker’s emissions scandal. (more…)

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Norwegian pension fund dumps Petrobras over corruption http://www.opalesque.com/SWF_Briefing/?p=20084 http://www.opalesque.com/SWF_Briefing/?p=20084#comments Fri, 24 Jun 2016 03:28:30 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20084 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20084>Article Link</a> Norway’s largest pension fund has blacklisted Petrobras over concerns that the state-controlled oil company at the centre of a Brazilian bribery scandal is prone to further corruption problems beyond its home market. (more…)

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Kuwaitis (KIA) Want Out of French State Owned Nuclear Group Areva http://www.opalesque.com/SWF_Briefing/?p=20036 http://www.opalesque.com/SWF_Briefing/?p=20036#comments Thu, 16 Jun 2016 01:12:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20036 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20036>Article Link</a> Reuters (13 June 2016) citing “La Lettre de l’Expansion” reported that the Kuwait Investment Authority (KIA) wants to sell its stake in French State owned nuclear group Areva. Reportedly, KIA said that they invested in Areva “based on incorrect company accounts“. (more…)

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Greenko raises $230 million from ADIA, GIC http://www.opalesque.com/SWF_Briefing/?p=19988 http://www.opalesque.com/SWF_Briefing/?p=19988#comments Thu, 09 Jun 2016 01:49:06 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19988 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19988>Article Link</a> Greenko Energy Holdings, one of India’s leading renewable energy firms, has secured $230 million in total new funds from an entity owned by the Abu Dhabi Investment Authority (ADIA) and an affiliate of Singapore sovereign wealth fund GIC. (more…)

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12 Swedish big shots have been blacklisted by Norway SWF http://www.opalesque.com/SWF_Briefing/?p=19987 http://www.opalesque.com/SWF_Briefing/?p=19987#comments Thu, 09 Jun 2016 01:48:54 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19987 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19987>Article Link</a> The enormous Norwegian sovereign wealth fund have blacklisted twelve Swedes. In essence, this means that the fund opposes them as members of the board of the companies the fund owns shares in. According to the Swedish daily Dagens Industri, the fund has in 2016 voted against twelve Swedes as members of the board. (more…)

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Pressure on Norway fund to divest from coal http://www.opalesque.com/SWF_Briefing/?p=19848 http://www.opalesque.com/SWF_Briefing/?p=19848#comments Tue, 24 May 2016 00:48:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19848 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19848>Article Link</a> Norway’s sovereign wealth fund may be forced to step up divestments of coal companies and could face a wider ban on investments in other fossil fuels. (more…)

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World’s Biggest Wealth Fund Faces Wider Ban on Coal Investments http://www.opalesque.com/SWF_Briefing/?p=19845 http://www.opalesque.com/SWF_Briefing/?p=19845#comments Mon, 23 May 2016 03:12:05 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19845 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19845>Article Link</a> Norway’s sovereign wealth fund may be forced to step up divestments of coal companies and could face a wider ban on investments in other fossil fuels such as oil sands. (more…)

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Norway sovereign wealth fund will seek to join class action against Volkswagen http://www.opalesque.com/SWF_Briefing/?p=19798 http://www.opalesque.com/SWF_Briefing/?p=19798#comments Tue, 17 May 2016 02:31:41 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19798 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19798>Article Link</a> Norway’s $850 billion sovereign wealth fund will seek to join a class-action lawsuit in Germany against Volkswagen following revelations the carmaker rigged the exhaust systems of 11 million diesel-powered cars worldwide to pass official emissions tests. (more…)

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Temasek Raises Health-Care Bets, Adds More ADRs of JD.com http://www.opalesque.com/SWF_Briefing/?p=19797 http://www.opalesque.com/SWF_Briefing/?p=19797#comments Tue, 17 May 2016 02:31:21 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19797 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19797>Article Link</a> Temasek Holdings Pte built holdings of U.S. drugmakers and health-care companies in the first quarter as the Singapore investment firm expands bets on industries that will benefit from rising life expectancies and a growing middle class in emerging markets. (more…)

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Norway’s wealth fund to sue Volkswagen over emissions scandal http://www.opalesque.com/SWF_Briefing/?p=19795 http://www.opalesque.com/SWF_Briefing/?p=19795#comments Mon, 16 May 2016 03:20:07 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19795 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19795>Article Link</a> Norway’s sovereign wealth fund, the world’s largest, said on Sunday it plans to join the class-action lawsuits filed against Volkswagen AG over the German automaker’s emissions scandal. (more…)

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Muslim wealth funds stalk halal food acquisitions http://www.opalesque.com/SWF_Briefing/?p=19725 http://www.opalesque.com/SWF_Briefing/?p=19725#comments Thu, 05 May 2016 03:22:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19725 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19725>Article Link</a> The most representative case is without a doubt that of the Qatar Investment Authority, Qatar’s sovereign wealth fund, which manages assets worth $304bn. In 2008, the fund spent $1bn on acquiring an investment arm specialising in the agriculture and livestock sector: Hassad Food. (more…)

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Norway Wealth Fund Turns Up Climate Heat on Exxon, Chevron http://www.opalesque.com/SWF_Briefing/?p=19712 http://www.opalesque.com/SWF_Briefing/?p=19712#comments Wed, 04 May 2016 01:21:29 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19712 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19712>Article Link</a> Norway’s $872-billion sovereign wealth fund, the world’s largest, said it would press U.S. oil majors ExxonMobil and Chevron to do more to report on the risks of climate change. The fund said on Tuesday it would vote in favor of shareholder proposals, opposed by both companies’ boards, which would require them to report more fully about the risks and opportunities of a changing climate. (more…)

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Norway’s sovereign wealth fund joins pension funds on climate-risk reporting at Exxon Mobil http://www.opalesque.com/SWF_Briefing/?p=19711 http://www.opalesque.com/SWF_Briefing/?p=19711#comments Wed, 04 May 2016 01:21:14 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19711 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19711>Article Link</a> Norway’s Government Pension Fund Global, Oslo, plans to vote in favor of shareholder proposals at Exxon Mobil Corp. sponsored by major pension funds calling for climate-change reporting and proxy access, said a statement posted on the website of Norges Bank Investment Management, which oversees the assets and proxy voting of the 7.08 trillion Norwegian kroner ($877 billion) fund. (more…)

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Nigeria: Health Ministry, NSIA Launch Healthcare Investments http://www.opalesque.com/SWF_Briefing/?p=19705 http://www.opalesque.com/SWF_Briefing/?p=19705#comments Wed, 04 May 2016 01:19:55 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19705 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19705>Article Link</a> The Federal Ministry of Health and Nigeria Sovereign Investment Authority (NSIA) have launched a comprehensive healthcare investment program covering all the geo-political zones of the country. (more…)

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Sovereign funds ignore climate risk http://www.opalesque.com/SWF_Briefing/?p=19693 http://www.opalesque.com/SWF_Briefing/?p=19693#comments Mon, 02 May 2016 03:26:23 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19693 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19693>Article Link</a> World’s largest investors warned that environmental change will affect returns. The world’s largest government-backed investment funds have been accused of ignoring the risks climate change poses to their portfolios despite warnings it could hurt returns and make high-carbon investments worthless. (more…)

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Australian super fund comes second in global green rankings http://www.opalesque.com/SWF_Briefing/?p=19682 http://www.opalesque.com/SWF_Briefing/?p=19682#comments Mon, 02 May 2016 03:23:44 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19682 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19682>Article Link</a> Some of Australia’s largest superannuation funds rank among the best in the world in protecting their members from the adverse effects of climate change. In a survey of superannuation funds and other “asset” managers, such as insurers and sovereign wealth funds, the Australian industry super fund for NSW public servants, Local Government Super, ranks second in the world. (more…)

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These Companies Just Got Banned From the World’s Biggest Wealth Fund http://www.opalesque.com/SWF_Briefing/?p=19580 http://www.opalesque.com/SWF_Briefing/?p=19580#comments Tue, 19 Apr 2016 03:38:56 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19580 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19580>Article Link</a> Back in June, the Norwegian government confirmed that it would sell off coal investments from its $900 billion sovereign wealth fund—the largest in the world. Late last week the unit of Norway’s central bank that manages the fund identified which companies would be cut. Of those named, 22 are based in the United States, including American Electric Power and Peabody Energy, which filed for bankruptcy on Wednesday. (more…)

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Dumping tobacco cost Norwegian oil fund $1.9bn http://www.opalesque.com/SWF_Briefing/?p=19578 http://www.opalesque.com/SWF_Briefing/?p=19578#comments Mon, 18 Apr 2016 03:43:08 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19578 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19578>Article Link</a> Sovereign wealth fund’s loss may force investors to reconsider divestment from the sector. The Norwegian oil fund’s decision to dump tobacco companies has cost the world’s largest sovereign wealth fund $1.9bn in missed profits over the past decade. (more…)

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Norway’s sovereign wealth fund drops 52 companies linked to coal http://www.opalesque.com/SWF_Briefing/?p=19577 http://www.opalesque.com/SWF_Briefing/?p=19577#comments Mon, 18 Apr 2016 03:42:56 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19577 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19577>Article Link</a> Norway’s $860 billion sovereign wealth fund has unveiled the first list of miners and power producers to be excluded from its portfolio following a ban on coal investments. (more…)

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Fossil fuelled fund not to invest in fossil fuel coal http://www.opalesque.com/SWF_Briefing/?p=19571 http://www.opalesque.com/SWF_Briefing/?p=19571#comments Mon, 18 Apr 2016 03:41:37 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19571 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19571>Article Link</a> However has hit the coal market companies as Norway’s sovereign wealth fund, which is world’s biggest with $860 billion under management announced that it will no longer invest into 52 companies worldwide as they are too reliant on coal. These names include Drax in UK, Dynergy and FirstEnergy in US, Reliance and Tata Power in India. (more…)

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Norway’s wealth fund drops 52 coal companies http://www.opalesque.com/SWF_Briefing/?p=19570 http://www.opalesque.com/SWF_Briefing/?p=19570#comments Fri, 15 Apr 2016 01:50:07 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19570 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19570>Article Link</a> Norway’s sovereign wealth fund, the world’s biggest, has excluded 52 coal-related companies after new ethical guidelines went into effect barring it from investing in such groups, Norway’s central bank said on Thursday. In June 2015, parliament agreed to pull the fund out of mining or energy groups which derive more than 30 percent of their sales or activities from the coal business. (more…)

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Norway’s Pension fund not to invest in CIL, NTPC, Reliance Power http://www.opalesque.com/SWF_Briefing/?p=19569 http://www.opalesque.com/SWF_Briefing/?p=19569#comments Fri, 15 Apr 2016 01:49:53 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19569 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19569>Article Link</a> Norway’s Finance Ministry determines GPFG’s investment strategy, after advice from Norges Bank Investment Management and discussions in Parliament among others. Norway’s Government Pension Fund Global (GPFG), the world’s biggest, today said it has excluded 7 Indian firms from its portfolio including NTPC, CIL, Tata Power and Reliance Power. (more…)

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Renewables still out of scope for Norway pension fund http://www.opalesque.com/SWF_Briefing/?p=19509 http://www.opalesque.com/SWF_Briefing/?p=19509#comments Wed, 06 Apr 2016 03:51:18 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19509 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19509>Article Link</a> Norway’s Government Pension Fund Global (GPFG) will not be investing in renewable energy, the Minister of Finance said today, turning down a proposal for the expansion of the fund’s reach. “The GPFG has a financial target, and is not an instrument for promoting state investment in developing countries or renewable energy,” Siv Jensen said. (more…)

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