Archive

  • New York City files to sue five oil majors, plans $5bn pension fossil fuel divestment

    11 January 2018

    New York City has filed a lawsuit against five oil majors for damages caused by climate change, and the city's pension funds intend to divest $5 billion from fossil fuel companies, as its mayor launched a blistering attack on the firms.

  • Trillion-dollar wealth fund to consider dropping oil and gas investment

    20 November 2017

    Norway's $1 trillion sovereign wealth fund is to consider divesting its holdings in oil and gas because of the risk fossil fuels pose to its portfolio.

  • Aegon backs out of coal and plans 'in-depth' assessment of climate risks

    26 May 2016

    Dutch insurer Aegon is the latest investor to divest from coal, citing concerns about stranded assets, and has committed to an in-depth assessment of its exposure to climate change risks.

  • Norway's sovereign wealth fund to sue Volkswagen

    16 May 2016

    Norway's $850 billion oil fund has told the media it will sue Volkswagen (VW) over last year's emissions test scandal.

  • Norway's sovereign wealth fund divests 58 companies on environmental grounds

    11 March 2016

    Norway's giant sovereign wealth fund divested from 58 companies last year because they were deemed to pose environmental risks.

  • Inflection Point Capital to advise Norway's sovereign wealth fund

    24 August 2015

    Inflection Point Capital Management, a London-based sustainability advisory company, has secured a four-year consultancy contract to advise Norway's $870 billion sovereign wealth fund.

  • Norway's oil fund divests from Korea's Posco and Daewoo

    18 August 2015

    Norway's sovereign wealth fund – the largest in the world – is to exclude leading Korean companies Posco and Daewoo International from its investment portfolio because of their involvement in palm oil plantations in Indonesia.

  • Norwegian government backs oil fund coal divestment

    28 May 2015

    Norway's NOK7 trillion ($894 billion) oil fund is to divest more of its coal holdings after the country's politicians gave an earlier-than-expected backing to plans to reduce its exposure to the commodity.

  • World's biggest sovereign wealth fund discloses divestments

    12 February 2015

    The world's largest sovereign wealth fund, Norway's Government Pension Fund Global, has revealed more details about its divestments as part of a move to "think long-term and protect value for future generations".

  • Norwegian wealth fund ponders fossil-fuel divestment, following report

    04 December 2014

    Norway's sovereign wealth fund is considering divesting from the most carbon-intensive petrol and coal firms.