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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,...
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...
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Norway sovereign wealth fund accused 'pretend divestment'
2015-05-28 09:05:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The worlds richest sovereign wealth fund has sunk more money into coal just three months after a high-profile pledge to dump fossil fuels as part of its commitment to responsible investing, according to financial analysis by three environmental groups. Instead of reducing its overall exposure to businesses based on coal, the Norwegian Government Pension Fund (GPF) increased its holdings by 3bn Norwegian kroner to NOK 85.8bn ($1bn/7.3bn) by the end of last year, the report Still Dirty, Still...
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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...
Apple: Why This Mutual Fund Trimmed Its Stake
2015-05-28 01:09:21| Railroads - Topix.net
And Union Pacific is down again in Q2. One sign of that: The fund's average IBD Composite Rating is a strong 76. In comparison, Vanguard 500 , which tracks the S&P 500 index, has an average Comp Rating of 60. The Comp Rating summarizes Earnings Per Share Growth, Relative Price Strength and other CAN SLIM ratings.
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