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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway Green Party Rise Shows Oil Economy Losing Support

Posted on 16 September 2015

Norway’s Green Party, which wants to halt oil production, emerged as a winner in municipal elections, building on support that has helped shape investment guidelines for the nation’s massive wealth fund.
Since entering parliament for the first time in 2013, the Greens have spurred a shift amid lawmakers to question how the energy industry works. They were also the catalyst for Labor to gather support across eight parties to ban Norway’s $840 billion sovereign wealth fund from coal investments, a move the fund has said could trigger $6.6 billion in divestments………………………………………..Full Article: Source


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