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Coal Takes a Hit in Norwegian Wealth Fund’s Divestment Moves

February 8, 2016
Reading time: 1 minute

bycfotografem / Pixabay

bycfotografem / Pixabay

bycfotografem / Pixabay
bycfotografem / Pixabay

Norway’s US$794-billion sovereign wealth fund has dropped its shares in 73 companies, most of them coal mining concerns or businesses that use coal, on concerns that their social and environmental policies will harm their profitability.

“We want to measure the risk in our investments,” said Norge Bank Investment Management CEO Yngve Slyngstad. “We expect companies to communicate the impact of their activities on the environment and the factors that could affect their long-term profitability.”

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The fund has divested from 187 companies in the last four years, including global giants like Boeing, Rio Tinto, Lockheed Martin, Philip Morris, and British American Tobacco. “Those decisions were made for financial reasons, which increasingly take into account social and environmental activities by the company and their impact on profit,” The Guardian reports. “The fund can also exclude companies for purely ethical reasons when they are seen to be in serious violation of human rights, or are producers of nuclear weapons or tobacco.”







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A Modest Proposal for a New Project of National Interest

by Aaron Cosbey
October 4, 2026

…

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Coal Takes a Hit in Norwegian Wealth Fund’s Divestment Moves

February 8, 2016
Reading time: 1 minute

bycfotografem / Pixabay

bycfotografem / Pixabay

bycfotografem / Pixabay
bycfotografem / Pixabay

Norway’s US$794-billion sovereign wealth fund has dropped its shares in 73 companies, most of them coal mining concerns or businesses that use coal, on concerns that their social and environmental policies will harm their profitability.

“We want to measure the risk in our investments,” said Norge Bank Investment Management CEO Yngve Slyngstad. “We expect companies to communicate the impact of their activities on the environment and the factors that could affect their long-term profitability.”

Get the latest climate news and analysis, direct to your inbox.

Subscribe Today

View our latest digests

The fund has divested from 187 companies in the last four years, including global giants like Boeing, Rio Tinto, Lockheed Martin, Philip Morris, and British American Tobacco. “Those decisions were made for financial reasons, which increasingly take into account social and environmental activities by the company and their impact on profit,” The Guardian reports. “The fund can also exclude companies for purely ethical reasons when they are seen to be in serious violation of human rights, or are producers of nuclear weapons or tobacco.”







in Coal, Community Climate Finance, Fossil Fuels, Regions, UK & Europe

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Trending Stories

(Mark Carney/Facebook)

Carney Promises Heat Pump Rebate Program By Early 2027

October 9, 2026
2.4k
CC BY-SA 3.0/wikimedia commons

O’Leary Data Centre Megaproject Faces Two New Applications for Judicial Reviews

October 16, 2026
649
Canadian Nuclear Laboratories/flickr

RIP SMRs: Is It the End of the Line for Small Modular Nuclear Reactors?

September 23, 2026
9.2k

A Modest Proposal for a New Project of National Interest

by Aaron Cosbey
October 4, 2026

…

Follow Us

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