World’s biggest sovereign wealth fund ditching $13 bn of fossil fuels, remains invested in planetary death machines

The Norwegian Government Pension Fund Global, which is part of the world's largest sovereign wealth fund managing $tn in assets, has dropped $13 billion in fossil fuel investments, the largest single divestment to date. Read the full story at the Guardian.  The fund will also move to begin investing directly in so-called 'unlisted infrastructure', renewable …

How Norway’s sovereign wealth fund has started divestment

Our thanks to friends in WWF Norway for this information: highlights from Norway’s Sovereign Wealth Fund’s first responsible investment report. Note that while fossil fuels are the headline item, other divestments are based on mining damages, deforestation caused by palm oil plantation planting, and abuse of water rights. 1) On climate change: - Conducted a …