Norway’s sovereign wealth fund, the world’s largest, has taken a strong stance against coal.
It has excluded 52 coal-related companies, aligning with ethical guidelines to fight climate change.
This move showcases the power of investors in promoting environmental responsibility.
In June 2015, Norway’s parliament decided to divest from companies earning more than 30% of their revenue from coal.
This directive began on February 1, 2016. The fund, worth about $864 billion, has blacklisted major companies like China Coal Energy, AES, and Peabody Energy.
Martin Norman of Greenpeace Norway called it an …
