abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeblueskyburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfilterflaggenderglobeglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalitywebwhatsappxIcons / Social / YouTube
Article

29 May 2015

Author:
Ruby Russell, dpa/AP

Environmental advocates welcome move & push for broader exclusions

"Norwegian pension fund to divest from coal", 29 May 2015

 Environmental groups have welcomed the Norwegian parliament's decision, saying it shows how lawmakers have responded to public pressure in the global fight against climate change."This is very important and will send a very strong signal to coal burning and mining companies all over the world," Truls Gulowsen, head of Greenpeace Norway told DW. "The fund is one of the world's top 10 largest investors in the global coal industry, so this will have a real impact." Greenpeace estimates that new regulations would result in around $5 billion (4.6 billion euros) being pulled out of the coal sector... "This is a clear signal to those who use coal that they have to look at other forms of energy," Hans Olav Syversen of the Christian Democrats told public broadcaster NRK...Greenpeace and others were calling for a second criteria for divestment, by volume of coal - saying that the fund would still invest in the world's three largest private coal-mining firms... Activists say the global campaign to divest from fossil fuels is gaining momentum, with ever more pension funds, charities, faith groups and universities pulling out of companies that contribute to carbon emissions.

Timeline

Privacy information

This site uses cookies and other web storage technologies. You can set your privacy choices below. Changes will take effect immediately.

For more information on our use of web storage, please refer to our Data Usage and Cookies Policy

Strictly necessary storage

ON
OFF

Necessary storage enables core site functionality. This site cannot function without it, so it can only be disabled by changing settings in your browser.

Analytics cookie

ON
OFF

When you access our website we use Google Analytics to collect information on your visit. Accepting this cookie will allow us to understand more details about your journey, and improve how we surface information. All analytics information is anonymous and we do not use it to identify you. Google provides a Google Analytics opt-out add on for all popular browsers.

Promotional cookies

ON
OFF

We share news and updates on business and human rights through third party platforms, including social media and search engines. These cookies help us to understand the performance of these promotions.

Your privacy choices for this site

This site uses cookies and other web storage technologies to enhance your experience beyond necessary core functionality.