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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway oil fund drops investment in Cairn and Kosmos

Posted on 29 June 2016

Norway’s $835bn oil fund has excluded Cairn Energy of the UK and Kosmos Energy of the US from its portfolio over their continuing investment in oil exploration off the coast of Western Sahara.
The world’s largest sovereign wealth fund was one of the biggest investors in Cairn with a 2.85 per cent stake at the end of last year. It had a smaller 0.8 per cent stake in Kosmos, which is based in Dallas and has exploration licences in several African countries………………………………………..Full Article: Source


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