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Norway’s oil fund to dump $5.9bn of equities in oil stocks
02 October 2019Norway’s $1 trillion sovereign wealth fund is to “gradually phase out” about NOK54 billion ($5.9 billion) worth of stocks in crude oil producers, the country’s Ministry of Finance said.
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Norway’s oil fund opens door to investments in unlisted renewables
05 April 2019Norway’s $1 trillion sovereign wealth fund is to be allowed to invest in unlisted renewables assets, following a decision by the country’s finance ministry.
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Storebrand makes 2026 pledge to ‘exit death spiral of coal’
30 November 2018Storebrand Asset Management has revealed a path to full divestment from coal in eight years’ time, in a strategy it says is in line with the goal to restrict climate change to a maximum of 1.5°C above pre-industrial levels.
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Majority of world’s largest pension funds neglect climate risk, says AODP
10 September 2018Nearly two thirds of the world’s largest pension funds have little or no disclosed strategy on climate change, potentially putting them at risk of breaching their fiduciary duty to savers, according to a study by the Asset Owners Disclosure Project (AODP).
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World’s largest sovereign wealth fund urged not to pursue divestment
24 August 2018Divestment of the oil and gas stocks in the Government Pension Fund Global (GPFG) “is not an effective insurance against a permanent decline in oil prices” and the stocks only contribute marginally to Norway’s oil price risk, according to a committee set up to explore the issue.
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Private sector lagging on climate disclosure, report claims
17 August 2018Private sector asset owners tend to be less prepared than their public sector counterparts to make voluntary public statements and disclosures related to climate change, a report has claimed.
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Environmental Finance's Green Bonds Asia conference
15 June 2018Environmental Finance's Green Bonds Asia conference saw the agreement of a deal that could help drive growth in the region, writes Michael Hurley.
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Norway's oil fund could start investing in unlisted renewables
09 April 2018The world's largest sovereign wealth fund could be given licence to invest in unlisted renewables projects, following a vote by the ruling Conservative party.
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Norway's wealth fund puts shipping and power under scrutiny
12 March 2018The world's largest sovereign wealth fund is expected to expand its emissions exclusion criteria to cover more sectors.
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Norway oil fund plots path to divestment
16 February 2018Norway's finance ministry has set up an expert group to explore radical changes to the way it invests in energy stocks through its $1 trillion sovereign wealth fund, including abandoning investments in oil and gas companies.