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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norwegian fund may shed BHP stake

Posted on 26 November 2014

Norway’s $US870 billion ($1.02 trillion) sovereign wealth fund may be forced to shed assets such as Coal India, BHP Billiton and China Shenhua Energy next year as pressure mounts for Parliament to act on fossil fuel divestments.
A report presented in Oslo on Tuesday by three environmental organisations urged Norway to shed the fund’s coal holdings. A second report, due next week, could put the fund under still more pressure to cut back on its coal investments. It will examine if climate change is more effectively addressed by preventing the fund from investing in certain coal related companies than by trying to affect change at the companies themselves………………………………..Full Article: Source


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