18.04.2016 - Fossil fuelled fund not to invest in fossil fuel coal
However has hit the coal market companies as Norway’s sovereign wealth fund, which is world’s biggest with $860 billion under management announced that it will no longer invest into 52 companies worldwide as they are too reliant on coal. These names include Drax in UK, Dynergy and FirstEnergy in US, Reliance and Tata Power in India. We don’t want to get into specific names but the reason behind. According to the fund, future of coal is finite and future is renewables. World is steadily, especially the developed countries are steadily decarbonizing their energy sources...............................................Full Article: Source
Print