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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments, Trends

Norway’s coal exit creates ripples

Posted on 23 June 2015

While this decision by the fund could inspire other large investors, the fossil fuel divestment movement has already been building up considerable steam. When the world’s largest sovereign wealth fund decides to exit investments in coal, the ripples of the decision can be felt the world over.
Late last month, Norway’s parliament decided that the $900-billion sovereign wealth fund should exit from utilities and miners that get 30 per cent of their business from coal, a move that could trigger as much as $5 billion of divestments………………………………………..Full Article: Source


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