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Norway Passes Largest Divestment Fund In History Topping $900 Billion
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06.06.2015
After a unanimous vote by its parliament, Norway passed a $900 billion Government Pension Fund to divest from companies involved in coal mining and coal-fired power plants.
The divestment will affect companies that derive more than 30% of their revenues from coal-related activities.
The move is the largest divestment from fossil fuels on record.
The divestment would likely affect about 50 companies and subsidiaries based in the United States.
The divestment will affect companies that derive more than 30% of their revenues from coal-related activities.
The move is the largest divestment from fossil fuels on record.
The divestment would likely affect about 50 companies and subsidiaries based in the United States.
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