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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway Takes the High Ground on Climate Change

Posted on 13 February 2015

There was some dramatic news out of Norway this week, showing what is possible on the climate front if the political will is there. The Norwegian government announced that they would cut their carbon emissions by no less than 40% from 1990 levels by the year 2030. This puts them in line with the ambitious target set by the European Union (EU).
Norway’s sovereign wealth fund happens to be the largest in the world. So the fact that they have chosen to dump the stocks of those 32 coal-related companies and those of any other companies that contribute disproportionally to climate change is quite a statement………………………………………..Full Article: Source


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VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


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