Dec
21
World’s Biggest Wealth Fund Excludes 15 More Coal Companies
By-
New exclusions include Alliant, Tenaga, Emera and Westar
-
Fund places 11 companies on exclusion observation list
Norway’s $870 billion sovereign wealth fund expanded the list of miners and power producers excluded from its portfolio as it continues to cull its investments of coal-related businesses.
After an initial exclusion of 44 companies, 15 more have now been banned, including U.S.-based Alliant Energy Corp. and Westar Energy Inc., Malaysia’s Tenaga Nasional Bhd and Canada’s Emera Inc., according to a statement from Norges Bank Investment Management. The exclusions are based on new criteria introduced by the government in February, impacting companies that rely on coal for at least 30 percent of their activities or revenues…
World’s Biggest Wealth Fund Excludes 15 More Coal Companies
