New ActionAid Denmark report reveals Norwegian Oil Fund as Europe’s largest coal investor despite claiming to be a global climate leader
actionaid.org
A new report by ActionAid Denmark has exposed the truth behind the Norwegian Oil Fund’s commitment to exit coal, revealing the fund still has billions of US dollars invested in the polluting industry, making it Europe’s largest institutional investor in coal.

An new analysis by ActionAid highlights Norwegian Oil Fund’s exposure in coal-expanding nations like Japan and China, the two countries that have so far been ignoring the UN’s call for a total coal phase-out. Earlier this month the fund’s Chief Governance and Compliance Officer was quoted by media saying “we have sold out of coal”.

  • mr_washee_washee
    1·
    1 year ago

    norway is such a hypocrite country: major oil exporter, major yacht building companies host, and brags about their 90% of public EV car fleet bought from a south african asshole, and which require lithium mined by ghetto kids.