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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

A beginner’s guide to fossil fuel divestment

Posted on 24 June 2015

A coalition of philanthropic foundations, including the heirs to the Rockefeller oil fortune, started to pull out their investments last year, while cities divesting include San Francisco, Seattle and Oslo. The world’s largest sovereign wealth fund, Norway’s Government Pension Fund Global (GPFG), recently revealed it had dropped 114 companies, including tar sands producers, on climate grounds.
The Church of England has divested from the most heavily polluting fossil fuels, while the World Council of Churches, which represents half a billion Christians worldwide, has ruled out all fossil fuel investments………………………………………..Full Article: Source


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