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Why It Makes Sense For Norway To Sell Its Fossil Fuel Shares

2014-03-15 17:19:00| Climate Ark Climate Change & Global Warming Newsfeed

Forbes: The Norwegian governments sovereign wealth fund, which owns part of almost every listed company in the world, is considering selling out of its investments in carbon-intensive firms. Given that the $840 billion fund, the worlds largest, invests the proceeds from the countrys oil and gas industry, this would be a stunning move. But the Norwegian Government Pension Fund does not have to look far for sound business reasons to take this step. Environmental groups such as Carbon Tracker, 350.org...

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