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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Pollution woes prompt SWF to dump Duke Energy

Posted on 08 September 2016

One of the world’s largest investment funds is dumping its shares in Duke Energy Corp. because it sees too much risk in what it called the largest U.S. electric company’s history of environmental damage, the fund’s managers announced Wednesday.
The arm of Norway’s central bank that manages the pension fund created by the Scandinavian country’s oil wealth said it has decided to bar investments in Charlotte, North Carolina-based Duke Energy. The fund has previously decided against investments in mining and coal-based energy companies, and makers of land mines, nuclear weapons and tobacco. The company said it was disappointed but not surprised by the decision………………………………………..Full Article: Source


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