<
https://www.reuters.com/business/sustainable-business/norways-sovereign-wealth-fund-tells-companies-set-zero-emission-goals-2022-09-20/>
"OSLO, Sept 20 (Reuters) - Norway's $1.2 trillion wealth fund, one of the
world's largest investors, said on Tuesday it would push the companies it
invests in to cut their greenhouse gas emissions to net zero by 2050, in line
with the Paris Agreement.
Institutional investors are increasingly looking to reduce the role they play
in global warming through their investments, with Norway's move coming ahead of
the next round of global climate talks in Egypt in November.
The fund invests the revenue from Western Europe's biggest oil and gas producer
for future generations in stocks, bonds, property and renewable projects
abroad. It owns on average 1.3% of all listed global stocks and its holdings
equate to $219,000 for every Norwegian man, woman and child.
Under the new plan, the fund will prioritise dialogue with the 174 companies
that are the biggest emitters of greenhouse gases and account for 70% of the
fund's emissions via its shareholdings."
Via
Future Crunch Sep 23, 2022:
<
https://futurecrunch.com/good-news-aids-ocean-indonesia-clean-air-spain/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
