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Norwegian government reviews fossil fuel divestment plan

2014-03-03 01:05:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: The global campaign to encourage institutional investors to ditch their holdings in fossil fuel assets could be about to claim its biggest scalp to date, after the Norwegian government announced it would undertake a formal review of whether the country's $840bn (503bn) wealth fund should halt investment in carbon intensive firms. The Progress Party, which leads a minority government with the Conservatives and relies on support from the smaller Liberal and Christian Democrat parties, confirmed...

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