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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norwegian Oil Fund’s dirty investments continue

Posted on 27 November 2014

The Sovereign Wealth Fund’s stakes in the coal industry are higher than previously acknowledged. These holdings amount to NOK 82.2bn in the coal sector, a study conducted by a handful of environmental organisations reveals. Report “Dirty & Dangerous” was a collaborative effort between three environmental organisations.
These were the German organisation Urgewald, Norway’s The Future in our Hands, and Greenpeace Norway. Head of the Norwegian Pension Fund, Yngve Slyngstad told parliamentarians at a parliamentary hearing earlier this year that, “Our investments in coal are limited and falling. They have been halved over the last two years”…………………………………….Full Article: Source


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