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Norwegian fund proposes $3 billion green investments

Author: Environmental Finance, Published on: 9 April 2009

Norway's finance minister had proposed that the government's $39 billion pension fund allocates $3 billion to sustainable investments – potentially the largest such allocation ever made. In a report last Friday to...Norway's parliament, the finance ministry also proposed a major study on the effects of climate change on the financial markets, and the greater integration of social and environmental considerations in the fund's management...However, Norges Bank – Norway's central bank, which is responsible for managing the fund's assets – is understood to be opposed to the move...

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Related companies: Norges Bank Investment Management (NBIM)