Climate expectations raised after Norwegian coal divestment

Climate expectations raised after Norwegian coal divestment
Today, on World Environment Day, Norway’s Parliament approved a decision to divest the country’s sovereign wealth fund from companies with more than 30% of their income from coal extraction or coal power. Norway’s fund is one of the world’s largest at over 900 bn USD. According to initial calculations from campaign group urgewald, the divestment decision will affect approximately 8,8 billion USD of the fund’s current investments.