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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway oil fund’s coal exposure bigger than claimed -environment groups

Posted on 26 November 2014

Norway’s $860 billion sovereign wealth fund, the world’s biggest, has more exposure to coal than it said earlier and should sell out, three environmental groups said, potentially re-igniting calls for the fund to revamp its portfolio.
The fund had investments worth 82 billion crowns at the start of the year in companies that are either major producers or consumers of coal, and the investment rose in 2013, contrary to the fund’s claims that coal exposure was falling, Germany’s Urgewald, Greenpeace and Norway’s Framtiden said on Tuesday………………………………..Full Article: Source


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