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Norway Wealth Fund To Dump Fossil Fuel Stocks Worth Billions In Environmental Move


The world's largest sovereign wealth fund will sell off more than $10 billion of stocks in companies related to fossil fuels following the rubber-stamping of Finance Committee recommendations in Norway's Parliament today. As part of a broad shift from fossil fuels to renewable energy, the move from Norway's center-right coalition government confirms several recent announcements including the phasing out of oil exploration and coal-related stocks.

The new guidelines mean Norway's Wealth Fund can no longer invest in companies that mine more than 20 million tonnes of coal annually, or generate more than 10,000 MW of ...


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