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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway’s Sovereign-Wealth Fund to No Longer Invest in Duke Energy

Posted on 08 September 2016

Norway’s sovereign-wealth fund, the world’s largest, said it would no longer invest in Duke Energy Corp. over the Charlotte, N.C.-based utility’s environmental record, a rare move against a specific company to penalize conduct.
Norway has made similar judgments to divest from global giants like Wal-Mart Stores Inc. over human-rights allegations and Rio Tinto PLC over accusations of environmental damage. The fund manages more than $900 billion, amassed from the country’s oil wealth, and enforces a set of ethical standards for its investments………………………………………..Full Article: Source


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