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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway’s largest pension fund vows to drop coal mine holdings

Posted on 24 November 2014

Norway’s largest pension fund has vowed to drop its holdings in coal miners, intensifying pressure on the coal industry from global investors. The NKr470bn ($70bn) KLP pension scheme, which manages the retirement assets of Norway’s public sector workers, will blacklist companies that derive more than 50 per cent of their revenues from coal-based activities.
The pension fund expects the withdrawal to lead to the sale of shares and bonds worth approximately NKr500m. It will publish a list of the companies affected on December 1…………………………………..Full Article: Source


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