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0.000612369871402205 0.00122473974280463 0 -0.00551132884262093 -0.0036742192284141 -0.00428658909981631 -0.00428658909981631 -0.00428658909981631
Stock impact report

Oilsands Lose Norwegian Support [Canadian Business Journal (Canada)]

Cenovus Energy Inc (CVE) 
Last cenovus energy inc earnings: 4/29 06:00 am Check Earnings Report
US:NYSE Investor Relations: cenovus.com/disclaimerir
Oilsands Lose Norwegian Support, The Canadian Business Journal CBJ — The largest pension fund in Norway has removed four Canadian energy names from its investment portfolio and says it will no longer put money in companies that derive more than 5% of their revenue from the oilsands. KLP says it sold $58 million worth of stocks and bonds as it reduced its tolerance threshold for companies with interests in the oilsands from 30% to 5% matching its limit for coal investments. The Norwegian fund which administers more than $81 billion in assets said a full exit from the oilsands is “great news” for customers because that activity is not aligned with the 2C global warming target under the Paris climate agreement. Calgary-based Cenovus Energy, Suncor Energy, Imperial Oil and Husky Energy are among those entities now to be excluded from investment consideration. Show less Read more
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