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Norwegian Oil Fund prepares for £13bn pivot from fossil fuels to renewables

Toby Hill
clock 13 June 2019 •
Norwegian Oil Fund prepares for £13bn pivot from fossil fuels to renewables

Around $7.5bn set to be divested from 150 oil and gas firms, with a further $7.5bn drawn out of coal companies following crucial parliamentary vote

The Norwegian parliament yesterday voted to instruct the country's trillion-dollar sovereign wealth fund to ditch more than $13bn in fossil fuel stocks, in what experts estimate may be the world's biggest-ever...

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