je.st
news
Tag: coal
Norway oil fund to slash coal investments
2015-05-28 10:59:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: Norway's parliamentary parties have agreed that the country's $900 billion sovereign wealth fund should stop investing in coal companies because of their impact on climate change. Under new rules to be presented by Parliament's finance committee on Thursday, the fund - also known as the oil fund - would exclude companies that get at least 30 percent of their revenue from mining coal or burning it. The move is expected to be formally approved by the full Parliament on June 5 because both government...
Tags: oil
fund
norway
investments
Norway's $900bn sovereign wealth fund told to reduce coal assets
2015-05-28 08:17:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Norways $900bn sovereign wealth fund, the worlds 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% of all listed companies globally, should sell stakes in firms that generate more than 30% of their output or revenues from coal-related activities. Already under pressure from Norways political...
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...
REFILE-RPT-INSIGHT-Funds feel heat of coal and tar divestment drive
2015-05-27 04:01:23| Energy - Topix.net
For Rivka Micklewaite and fellow students, securing a pledge this week from Oxford University to avoid direct investments in companies producing coal or tar sands is just the beginning. Getting that commitment involved a two-year campaign during which they staged a "marriage" between the 900-year-old university and "Big Oil" before breaking it up, to symbolise the need to end investment in fossil fuels, Micklewaite said.
Arch Coal In A Serious Down Slide
2015-05-26 20:05:40| Industrial Machines - Topix.net
As power utilities are seen to be increasingly switching to cheaper natural gas and big-ticket clients such as China cut down on coal imports, the global coal industry is gripped by a downturn that has started to take its toll. One of the largest producers of coal in the world, United States-based Arch Coal Inc. , reportedly, hired restructuring advisers including Blackstone Group LP's credit advisers GSO Capital Partners, investment bank Moelis & Co , hedge fund Hutchin Hill Capital LP and lawyers from Davis Polk & Wardwell LP to help deal with its $5.15 billion debt, as of March 31, 2015.
Sites : [118] [119] [120] [121] [122] [123] [124] [125] [126] [127] [128] [129] [130] [131] [132] [133] [134] [135] [136] [137] next »