08.09.2016 - Norway’s Sovereign-Wealth Fund to No Longer Invest in Duke Energy
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
Print