Home › Norway fund could trigger wave large fossil fuel divestments, say experts
 

Keywords :   


Norway fund could trigger wave large fossil fuel divestments, say experts

2015-05-28 17:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Norways decision to dump all coal-focused investments from its $900bn sovereign wealth fund could unleash a wave of divestment from other large funds, according to investment experts. The fund, the largest in the world, is one of the top 10 investors in the global coal industry. The move, agreed late on Wednesday, is one of the most significant victories to date for a fast-growing and UN-backed fossil-fuel divestment campaign. It will affect $9bn-$10bn (5.8-6.5bn) of coal-related investments,...

Tags: large fund experts wave

Category:Electronics and Electrical

Latest from this category

All news
»
20.05Eastern North Pacific Tropical Weather Outlook
20.05Atlantic Tropical Weather Outlook
20.05Water investors have withdrawn billions, says research
19.05Atlantic Tropical Weather Outlook
19.05Eastern North Pacific Tropical Weather Outlook
19.05IT Cosmetics and Kenvue Launch New Products
19.05Virgin Trains targets West Coast in return to rail
19.05Cashing In On The Stache
More »