World's biggest sovereign wealth fund to ditch fossil fuels
by Jillian Ambrose Energy correspondent from on (#4H1H6)
Norway's Government Pension Fund Global gets go ahead to divest $13bn of investments
The world's largest sovereign wealth fund, which manages $1tn (786bn) of Norway's assets, has been given the go ahead for the largest fossil fuel divestment to date by dropping more than $13bn of investments.
Norway's parliament voted plans into law on Wednesday for the fund to dump investments in eight coal companies and an estimated 150 oil producers.
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