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World Largest Wealth Fund Drops 52 Companies Linked to Coal
2016-04-15 14:53:00| Climate Ark Climate Change & Global Warming Newsfeed
Climate Nexus: Norways sovereign wealth fund sold shares worth $2.3 billion in 52 coal-dependent companies, the countrys central bank announced Thursday. Greenpeace estimates that this was the single biggest divestment from coal yet and media called the move a sign of the growing influence investors wield in the fight against climate change. The fund, worth $836 billion and currently the largest in the world, pledged in June to divest from companies that make 30 percent or more of their revenue from coal....
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Category:Electronics and Electrical