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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

The end is in sight for the coal industry

Posted on 15 June 2015

A move by Norway to rid itself of coal investments in its sovereign wealth fund has big implications. Last week the Norwegian Parliament formally endorsed moves to divest the country’s $900 billion dollar sovereign wealth fund from coal interests. The policy will result in the fund removing $8 billion from the coal industry.
While it didn’t necessarily make huge global headlines, this is potentially one of the biggest climate policy announcements in years. Whilst the $8 billion Norway is divesting may not add up to a huge amount for a massive global industry, it symbolises something very important: the slow death of the coal industry………………………………………..Full Article: Source


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


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