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Norway oil-rich capital first to divest from fossil fuels

2015-10-19 14:09:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate Home: The capital of Europes largest holder of oil and gas reserves blacklisted all fossil fuel assets on Monday, as its new-look city council set out a greener agenda. Oslo agreed to shed oil and gas bets from its $9 billion pension fund after losing coal in March, and halve carbon emissions by 95% within fifteen years on 1990 levels. We are very happy to announce that Oslo will take responsibility for the climate, both through our own policies and our investments, said Lan Marie Nguyen Berg...

Tags: capital norway fossil fuels

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