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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Coal divestment on tap at Norway’s Government Pension Fund Global

Posted on 29 May 2015

The Government Pension Fund Global, Oslo, could be forced to divest its allocations to certain coal companies, following a unanimous decision by the finance committee of the Storting, the Norwegian parliament.
The divestment would apply to companies that derive 30% or more of their business from coal. The finance committee’s proposition will be voted on in parliament June 5, said a spokeswoman for Norges Bank Investment Management, the investment manager of the 7 trillion Norwegian kroner ($957 billion) sovereign wealth fund………………………………Full Article: Source


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