Norway wealth fund resumes work on blacklisting worst greenhouse gas emitters [Reuters (UK)]
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Source: Reuters
Norway wealth fund resumes work on blacklisting worst greenhouse gas emitters - Reuters 3 Min Read OSLO (Reuters) - Norway’s $1 trillion wealth fund, the world’s largest, will resume its work on blacklisting greenhouse gas emitters, a senior official told Reuters, which could lead the fund to divest investments in one or more oil, steel or cement multinationals. The fund is forbidden by parliament from investing in companies that produce nuclear weapons, landmines, or tobacco, among other criteria. Carbon emissions became a criterion for exclusion in 2016, and in 2017 the Council on Ethics, the fund’s ethics watchdog, recommended “a small handful” of oil, steel or cement companies be excluded for emitting too much greenhouse gas Since then, recommendations had been under review by the board of the central bank, which oversees the fund, but a decision has been delayed several times. In November 2018, the bank said it needed clarification from the finance ministry as to what corporate b
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