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The global campaign to divest from fossil fuels may have just
picked up its most significant ally to date – the largest sovereign
wealth fund in the world. Norway’s trillion-dollar sovereign wealth
fund has proposed dropping investment for oil and gas companies.
The plan, backed by the central bank, still needs approval by the
finance ministry, but it would see the fund gradually divesting
itself of oil and gas stocks over time. Currently, fossil fuel
investments account for about 6 percent of the fund’s assets, or
$37 billion.…
picked up its most significant ally to date – the largest sovereign
wealth fund in the world. Norway’s trillion-dollar sovereign wealth
fund has proposed dropping investment for oil and gas companies.
The plan, backed by the central bank, still needs approval by the
finance ministry, but it would see the fund gradually divesting
itself of oil and gas stocks over time. Currently, fossil fuel
investments account for about 6 percent of the fund’s assets, or
$37 billion.…
The global campaign to divest from fossil fuels may have just
picked up its most significant ally to date – the largest sovereign
wealth fund in the world. Norway’s trillion-dollar sovereign wealth
fund has proposed dropping investment for oil and gas companies.
The plan, backed by the central bank, still needs approval by the
finance ministry, but it would see the fund gradually divesting
itself of oil and gas stocks over time. Currently, fossil fuel
investments account for about 6 percent of the fund’s assets, or
$37 billion.…
picked up its most significant ally to date – the largest sovereign
wealth fund in the world. Norway’s trillion-dollar sovereign wealth
fund has proposed dropping investment for oil and gas companies.
The plan, backed by the central bank, still needs approval by the
finance ministry, but it would see the fund gradually divesting
itself of oil and gas stocks over time. Currently, fossil fuel
investments account for about 6 percent of the fund’s assets, or
$37 billion.…