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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Pressure on Norway fund to divest from coal

Posted on 24 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.
A majority of parties in Norway’s parliament want to tighten guidelines that prevent the $850bn fund from owning companies that base more than 30% of their activities or revenues on thermal coal, according to a group of legislators 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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