NORWEGIAN PARLIAMENT RATIFIES PENSION FUND'S COAL DIVESTMENT

06/08/2015

On June 5, 2015, Norway's legislative body formally approved a plan for the nation's sovereign wealth fund to divest from coal investments, following an announcement from the fund in February. The move will affect 122 companies and sell up to $10 billion worth of investments in coal-related industries. Political compromise led to the approval, with Conservative party politicians focusing on the economic risk of coal-related investments with global climate change agreements in the works. For the full story, see http://www.theguardian.com/environment/2015/jun/05/norways-pension-fund-to-divest-8bn-from-coal-a-new-analysis-shows. Earlier: http://www.theguardian.com/environment/2015/feb/05/worlds-biggest-sovereign-wealth-fund-dumps-dozens-of-coal-companies.