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Monday, June 1, 2015

Environmental security

Norway fund could trigger wave of large fossil fuel divestments, say experts

Open-cast lignite mine Vereinigtes Schleenhain near the Boehlen-Lippendorf power station of German power supplier Vattenfall.Norway’s decision to dump all coal-focused investments from its $900bnsovereign wealth fund could unleash a wave of divestment from other large funds, according to investment experts. The fund, the largest in the world, is one of the top 10 investors in the global coal industry.

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