"Norway’s "no to coal" is a challenge to decision makers worldwide", 5 Jun 2015

Not only is this a unique achievement, it is a step in the right direction and a signal to leaders across the globe. The Government Pension Fund is the world’s largest wealth fund not privately owned and the new measures means that according to Greenpeace Nordic’s and Urgewald’s initial estimate, 120 companies will be targeted for a divestment totaling 8 billion US dollars...The decision means that the fund will not invest in any company that uses coal for more than 30% of its activity. This includes both coal mining and coal-fired power plants. However, the 30% criteria saves some of the bigger utilities and large scale mining companies from exclusion, simply because they are so large that coal does not make up more than 30% of their business. Luckily, they can still be forced out at a later point due to additional rules being added on how the fund works. This is one of the single biggest coal divestment decisions so far, and it should be a turning point for how investors think about coal in the future. The world has paid attention, and this paves the way for some exciting, forward-thinking initiatives...