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Norway Parliament Votes to Cut Coal Investments
2015-06-08 14:57:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Norway's parliament voted on Friday to reduce coal investments by its $880 billion sovereign wealth fund, the world's biggest, in a decision hailed by environmentalists as a model to help slow climate change. Under the unanimous deal, the fund will sell all shares in companies that get more than 30 percent of their turnover or activity from coal. The right-wing government and the fund itself will have to work out exact definitions. Environmentalists hailed the vote, mainly targeting mining...
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Category:Electronics and Electrical