ShippingWatch

Norway's oil fund ditches 52 coal and mining companies

The Norwegian sovereign oil wealth fund has released a list of mines and energy companies that it will no longer invest in, stating that they are too dependent on coal. The fund will, however, remain available towards companies willing to change.

Photo: Wintershall

Norway's oil fund, which controls capital worth USD 860 billion, has released a list of mines and energy companies which will be cut from the investment portfolio due to activities with coal, according to UK newspaper The Independent.

The Norwegian government introduced tightened requirements in February for which companies the wealth fund may invest in. One requirement excluded companies which have more than 30 percent of activities or revenue in coal, and this is the limit which excludes the 52 companies.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Shipping in a safe position despite shaky world economy

Container carriers are facing a couple of difficult years, but otherwise the shipping industry looks set to do well despite dark clouds over the world economy, according to shipping analyst. ”Right now, most companies are making a lot of money.”

Further reading

Related articles

Latest news

See all jobs