| PFZW, a Dutch pension fund with 161 billion euros ($172 bln) of assets under management, said on Tuesday it will sell down investments in companies with relatively high carbon dioxide emissions. PFZW is the latest high-profile investor to cut exposure to fossil fuel-linked investments this year.
California passed a bill in September requiring the state's two largest pension funds to divest from coal. Norway's sovereign wealth fund, the world's largest, said in February it would divest from thermal coal companies. ABP, the largest Dutch pension fund, said in October it would exit all investments that don't meet "sustainability" criteria by 2020...............................................Full Article: Source |