Norway’s $1.2 trillion wealth fund, the world’s largest, said on Tuesday it would decarbonise its holdings by pushing firms to cut their greenhouse gas emissions to nil by 2050, in line with the Paris Agreement. The fund invests the petroleum revenues from Western Europe’s biggest oil and gas producer for future generations in stocks, bonds, property and renewable projects abroad.
“We will engage the companies to reach this target by setting credible preliminary targets and creating plans to reduce their direct and indirect emissions of greenhouse gases,” Chief Governance and Compliance Officer Carine Smith Ihenacho said. Still, the fund has previously said it would not divest from big emitters to achieve these targets but instead be an “active shareholder” to effect change. The fund owns on average owns 1.
Go where the quick money is flowing and change in time
Norway is one of the largest oil producers in the world. They might want to be careful with this
Norway really cares,to save planet, o think more than any country in the world
DickWinchester How can such a wee nation on the edge of Europe possible do this? And what currency will they use. And raising that fund, didn’t it scare off investors!?! [coughs, nervously]
All of Norway’s great wealth came from oil exports.
We have people stocking up on wood to prepare themselves for a cold winter. Why? Because their country is relying on wind and solar that does not have the battery capacity to meet the needs. Has AI already took over? This all seems very anti-human.
They murdered Freya.
2050 ; Would be TOO LATE THEN .
Thank you Norway 🇳🇴
How do they have a 1.2t wealth fund?
Whys everyone kicking the can down the road . In thirty years time we will all be boiled fried and extinct !
By 2050 while Africa is bn asked to abandon now. Different rules same earth 🌎
Coal usage by some EUs , its hardly to arrive at the target, zero emissions. What ever the amount of money to spend, the global climate goal can't be achieved west going back to stone age. Bcos coal combustion is more carbon intensive emissions than any other sources of Energy.
Don't worry, Putin will take it from you on a later date.
Mehsa Iranian girl who was killed by the Islamic Republic, just because her hair was visible The streets of Iranian cities are not safe for women, and the main reason for this insecurity is moral police Please bring the voice of Iranian people to the ears of the world MahsaAmini
Bla bla bla
You earn your money with oil and have rules for other companies?
Is this the wealth fund that's funded by oil sales?
Norway will have Florida’s weather and the landmass of Truk.
Much too slow but a good first step in the right direction
Is the world learning nothing?
old man who hates the queen is interviewed by the bbc and is so disgusted by the queen and the royal family he straight open ass farts on the camera🤣🤣🤣