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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway’s Pension fund not to invest in CIL, NTPC, Reliance Power

Posted on 15 April 2016

Norway’s Finance Ministry determines GPFG’s investment strategy, after advice from Norges Bank Investment Management and discussions in Parliament among others. Norway’s Government Pension Fund Global (GPFG), the world’s biggest, today said it has excluded 7 Indian firms from its portfolio including NTPC, CIL, Tata Power and Reliance Power.
The fund, managed by Norges Bank Investment Management on behalf of Norway’s Ministry of Finance, has in total excluded 52 firms which derive a “significant” portion of their revenues from coal………………………………………..Full Article: Source


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