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$1 Trillion Fund: Dump #fossil Fuel Stocks!
Views: 483
Nov 20 2017 04:35 PM | eds in Economy & Politics
Norges Bank, which manages its
. . . $1 trillion sovereign wealth fund (the world’s largest)
. . . is recommending the government dump fossil fuel stocks.
They said the move
. . . “will make the government’s wealth less vulnerable,
. . . to a permanent drop in oil and gas prices.”
Norges Bank deputy governor Egil Matsen said,
. . . the advice is based on financial arguments, and
. . . “this has nothing to do with the environment.”
11-20-2017 Source: $1 trillion fund: dump #fossil fuel stocks!
. . . $1 trillion sovereign wealth fund (the world’s largest)
. . . is recommending the government dump fossil fuel stocks.
They said the move
. . . “will make the government’s wealth less vulnerable,
. . . to a permanent drop in oil and gas prices.”
Norges Bank deputy governor Egil Matsen said,
. . . the advice is based on financial arguments, and
. . . “this has nothing to do with the environment.”
11-20-2017 Source: $1 trillion fund: dump #fossil fuel stocks!
