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Norway's $900 billion sovereign fund told to reduce coal assets
2015-05-28 00:39:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Norway's $900 billion sovereign wealth fund, the world's largest, should cut its exposure to the global coal industry and sell stakes in firms that focus on the sector, a key parliamentary committee said on Wednesday. The finance committee agreed in a bipartisan motion that the fund, which owns about 1.3 percent of all listed companies globally, should sell stakes in firms that generate more than 30 percent of their output or revenues from coal-related activities. Already under pressure from...
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Category:Electronics and Electrical