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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...

Tags: told reduce fund assets

 

Norways Navtor and Nautic form shipping navigational data business

2015-05-22 01:00:00| Ship Technology

Norwegian e-navigation specialist Navtor and Sweden's Nautic have teamed up to establish a joint business offering a complete navigational data package to the international shipping industry.

Tags: business data form shipping

 
 

Kongsberg Maritime to support Norways new polar research vessel

2015-05-14 01:00:00| Ship Technology

Italian shipbuilder Fincantieri has selected marine technology firm Kongsberg Maritime's hydroacoustic systems package for a new polar research vessel.

Tags: support research maritime polar

 

Norways oil fund backs Shell climate resolution

2015-04-15 15:41:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: The Government Pension Fund of Norway has begun revealing voting intentions in a bid to drive transparency. The fund has announced it will support a shareholder resolution asking Shell to report on climate change risks. The fund, commonly known as Norways oil fund, has been criticised in the past for its investment in fossil fuels but it has been taking steps to increase its focus on sustainability. Recently the pension fund called for the companies it invests in to test their business strategies...

Tags: resolution oil fund shell

 

Low Oil Prices Not Hindering Norway's Stock Market

2015-04-11 13:47:59| Oil & Gas - Topix.net

While low oil prices persist, companies such as Statoil have risen sharply by over 20% since the beginning of 2015. In spite of lower oil prices persisting throughout the past few months, Norway's stock market has continued to thrive.

Tags: low market stock prices

 

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