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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway’s mega-fund sells coal-linked firms in climate drive

Posted on 10 March 2016

Norway’s $830-billion sovereign wealth fund pulled out of 27 firms with links to coal last year as part of a policy to combat climate change, prompting campaigners to urge other big investors to follow suit.
The fund, the world’s biggest, also said it sold holdings in 11 companies because of concerns about the destruction of tropical forests to make way for palm oil plantations or fast-growing trees used for paper and pulp. It did not name the companies it dropped………………………………………..Full Article: Source


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