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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

World’s Biggest Wealth Fund Faces Wider Ban on Coal Investments

Posted on 23 May 2016

Norway’s sovereign wealth fund may be forced to step up divestments of coal companies and could face a wider ban on investments in other fossil fuels such as oil sands.
A majority of parties in Norway’s parliament want to tighten guidelines that prevent the $850 billion fund from owning companies that base more than 30 percent of their activities or revenues on thermal coal, according to a group lawmakers including opposition Labor, Norway’s biggest party. Adjustments could come as soon as next year, said Torstein Tvedt Solberg, who represents Labor on the Finance Committee………………………………………..Full Article: Source


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