Norway’s sovereign wealth fund divests from 52 coal-related firms

Norway’s $860 billion (£604bn) sovereign wealth fund, the biggest in the world, has unveiled a list of coal-related companies that will be excluded from its portfolio. The 52 organisations include American Electric Power, China Power International Development, Tata Power, UK’s Drax Group, Japan’s Hokkaido Electric Power and Australia’s New Hope Corporation. It is in line […]

UK to set up shale gas sovereign fund

Plans to set up a sovereign wealth fund with future revenues from the extraction of shale gas has been announced. Energy Secretary Ed Davey said it is part of the UK Government’s “broader strategy to strengthen our security of supply in a cost-effective way for future generations”. Britain is betting on shale gas to help […]

Norway considers pumping oil money into renewables

Norway’s government is said to be considering pumping oil money from its sovereign wealth fund into renewable energy projects. The largest fund in the world worth $750 billion (£469 billion), a special scheme could be set up within it to invest in sustainable companies and projects in developing countries and emerging markets. The revelation came […]