Tue, May 24, 2022
A A A
Welcome mteam
RSS

Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

These Companies Just Got Banned From the World’s Biggest Wealth Fund

Posted on 19 April 2016

Back in June, the Norwegian government confirmed that it would sell off coal investments from its $900 billion sovereign wealth fund—the largest in the world. Late last week the unit of Norway’s central bank that manages the fund identified which companies would be cut. Of those named, 22 are based in the United States, including American Electric Power and Peabody Energy, which filed for bankruptcy on Wednesday.
Seven companies are from China. The bank said more exclusions will occur later this year. When it was announced earlier this year, the fossil fuel divestment was the largest of its kind and was expected to affect 122 companies worldwide and $9 billion to $10 billion worth of investments………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
May 2022
M T W T F S S
« Nov    
 1
2345678
9101112131415
16171819202122
23242526272829
3031