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May 28, 2015

Norway Divests Oil Fund from Coal over Climate Change Concerns 
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Norway is divesting from coal over concerns about its impact on climate
change. The Norwegian Parliament has reached a unanimous deal to divest
its $900 billion sovereign wealth fund from companies which generate
more than 30 percent of their revenues from coal. The fund, which is the
largest of its kind in the world, is made up of taxes from oil profits.
The Parliament is expected to formally adopt the divestment plan on June
5.

 

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