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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway’s Green Party to ban Oslo pension fund from investing in fossil-fuel companies

Posted on 20 October 2015

Norway’s Green Party is forcing the capital city’s $9.3 billion pension manager to sell out of fossil-fuel companies, building on momentum from helping reshape guidelines for the nation’s $860 billion sovereign wealth fund, Government Pension Fund Global, Oslo.
Officials at Oslo Pensjonsforsikring AS, the city’s pension fund, are working on how they will implement the proposed ban and are compiling a list of companies the fund will need to sell, CEO Aamund Lunde said by phone. Mr. Lunde declined to say how much will be sold or how many companies would be covered………………………………………..Full Article: Source


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