Quantcast
Environmental News for a Healthier Planet and Life

World Largest Wealth Fund Drops 52 Companies Linked to Coal

Climate Nexus
Apr. 15, 2016 08:52AM EST Energy

Norway’s sovereign wealth fund sold shares worth $2.3 billion in 52 coal-dependent companies, the country’s central bank announced Thursday.

Greenpeace estimates that this was the single biggest divestment from coal yet and media called the move “a sign of the growing influence investors wield in the fight against climate change.” Photo credit: Overpass Light Brigade

Greenpeace estimates that this was the single biggest divestment from coal yet and media called the move “a sign of the growing influence investors wield in the fight against climate change.”

The fund, worth $836 billion and currently the largest in the world, pledged in June to divest from companies that make 30 percent or more of their revenue from coal. This is the first of multiple divestment actions that the government has planned for this year. 

For a deeper dive: Reuters, Bloomberg, Financial Times, AFP

For more climate change and clean energy news, you can follow Climate Nexus on Twitter and Facebook, and sign up for daily Hot News.

YOU MIGHT ALSO LIKE

NOAA Scientist Creates New Way to Track Carbon Pollution

5 Reasons Why Bernie Sanders Would Be the Best Choice for the Future of the Planet

Democracy Spring Takes a Bite Out of Dirty Money

Renowned Turkish Photographer Asks: Will My Country Lock-In a ‘Smoky Future’ or Break Free?

coal energy featured

EcoWatch Daily Newsletter

nutrition

5 Evidence-Based Benefits of Spinach Juice

Health + Wellness
Pixabay

By Rachael Link, MS, RD

Spinach is a true nutritional powerhouse, as it's rich in vitamins, minerals, and antioxidants.

Read More Show Less
health nutrition diet food
public health

How Healthy Is America’s Public Health Infrastructure?

Popular
Pexels

By Jeff Turrentine

From day to day, our public health infrastructure — the people and systems we've put in place to keep populations, as opposed to individuals, healthy — largely goes unnoticed. That's because when it's working well, its success takes the form of utter normalcy.

Read More Show Less
public health coronavirus covid-19
Sponsored
coronavirus

Cell Phone Tracking Analysis Shows Where Florida Springbreakers and New Yorkers Fleeing Coronavirus Went to Next

Popular
Spring Break vs. COVID19: The Real Impact of Ignoring Social Distancing
www.youtube.com

By Eoin Higgins

A viral video showing cell phone data collected by location accuracy company X-Mode from spring break partiers potentially spreading the coronavirus around the U.S. has brought up questions of digital privacy even as it shows convincingly the importance of staying home to defeat the disease.

Read More Show Less
coronavirus covid-19 public health health
plastics

Scientists Find Bacteria That Eats Plastic

Science
Aerial shot top view Garbage trucks unload garbage to a recycle in the vicinity of the city of Bangkok, Thailand. bugto / Moment / Getty Images

German researchers have identified a strain of bacterium that not only breaks down toxic plastic, but also uses it as food to fuel the process, according to The Guardian.

Read More Show Less
soi plastics science waste plastic waste
pollution

EPA Uses Coronavirus as an Excuse Not to Regulate Polluters

Popular
lgbarrio / Flickr / CC BY-NC-ND 2.0

The Environmental Protection Agency (EPA) issued a policy memo yesterday that is an expansive relaxation of legally mandated regulations on polluting industries, saying that industries may have trouble adhering to the regulations while they are short-staffed during the coronavirus global pandemic, according to the AP.

Read More Show Less
oil and gas epa energy oil pollution