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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Greens Build on Wealth Fund Win to Ban Oslo From Fossil Fuels

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 re-shape guidelines for the nation’s $860 billion sovereign wealth fund.
The party surged in municipal elections last month, winning 8.1 percent of votes in Oslo, making it the third largest party. They will now for the first time form a government with the Labor Party and the Socialist Left. “Oslo will take responsibility for the climate, both through our own policies and our investments,” Lan Marie Nguyen Berg, first candidate for the city’s Green Party, said in an e-mailed statement………………………………………..Full Article: Source


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