Norway wealth fund resumes work on blacklisting worst greenhouse gas emitters

Euronews | Nov 8, 2019 at 1:34 PM
  • Norway’s $1 trillion wealth fund, the world’s largest, will resume its work on blacklisting greenhouse gas emitters, a senior official told Reuters.
  • The fund has for years been a leader in excluding companies on ethical consideration and could encourage other international investors to do the same.
  • The Norwegian parliament’s decision in 2015 to make the fund divest from companies that derive 30% or more of its revenues from thermal coal has led other international investors to follow suit, among them the insurer Allianz .