Oil companies and stranded assets

biffvernon · Post by **biffvernon** » 28 May 2015, 18:58

More news from Norway on divestment; a major step:

Norway’s $900bn sovereign wealth fund, the world’s largest, should cut its exposure to the global coal industry and sell stakes in firms that focus on the sector, a key parliamentary committee said on Wednesday.

The finance committee agreed in a bipartisan motion that the fund, which owns about 1.3% of all listed companies globally, should sell stakes in firms that generate more than 30% of their output or revenues from coal-related activities.

http://www.theguardian.com/world/2015/m ... oal-assets

or, for Nowegian readers:

http://e24.no/boers-og-finans/oljefonde ... l/23459941

biffvernon · Post by **biffvernon** » 05 Jun 2015, 18:31

Former chairman of Shell, Mark Moody-Stuart, makes you want to scratch your head.
http://www.theguardian.com/environment/ ... divestment