+- +-

+-User

Welcome, Guest.
Please login or register.
 
 
 
Forgot your password?

+-Stats ezBlock

Members
Total Members: 46
Latest: Tony Ryan
New This Month: 0
New This Week: 0
New Today: 0
Stats
Total Posts: 12400
Total Topics: 258
Most Online Today: 3
Most Online Ever: 137
(April 21, 2019, 04:54:01 am)
Users Online
Members: 0
Guests: 0
Total: 0

Author Topic: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!  (Read 5363 times)

0 Members and 0 Guests are viewing this topic.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 24097
  • Location: Colchester, Vermont
    • Renwable Revolution
Norway’s $1 Trillion Fund Wants Out of Oil and Gas Stocks

November 16, 2017 by Bloomberg

SNIPPET:

By Sveinung Sleire (Bloomberg) — The $1 trillion fund that Norway has amassed pumping oil and gas over two decades wants out of energy stocks.

Norway, which relies on oil and gas for a fifth of economic output, would be less vulnerable to declining crude prices without investments in the industry, the central bank said Thursday. The divestment would mark the second major step in scrubbing the world’s biggest wealth fund of climate risk, after it sold most of its coal stocks.

“Our perspective here is to spread the risks for the state’s wealth,” Egil Matsen, the deputy central banker overseeing the fund, said in an interview in Oslo. “We can do that better by not adding oil-price risk.”

The plan would entail the fund, which controls about 1.5 percent of global stocks, dumping as much as $40 billion of shares in international giants such as Exxon Mobil Corp. and Royal Dutch Shell Plc.   The Finance Ministry said it will study the proposal and decide what to do in “fall of 2018” at the earliest.

Full article:

http://gcaptain.com/norways-1-trillion-fund-wants-oil-gas-stocks/

 
This poor man cried, and the Lord heard him, and saved him out of all his troubles.. -- Psalm 34:6

 

+-Recent Topics

Flight by AGelbert
June 25, 2019, 07:30:59 pm

Global Warming is WITH US by AGelbert
June 25, 2019, 07:25:45 pm

Electric Vehicles by AGelbert
June 25, 2019, 03:49:23 pm

Doomstead Diner Daily by AGelbert
June 25, 2019, 02:55:12 pm

Human Life is Fragile but EVERY Life is Valuable by AGelbert
June 25, 2019, 01:24:48 pm

War Provocations and Peace Actions by AGelbert
June 24, 2019, 06:54:51 pm

End Times according to the Judeo Christian Bible by AGelbert
June 24, 2019, 02:48:16 pm

The lowest elevation fresh water lake in the world, the Sea of Galilee, is DRYING UP by AGelbert
June 24, 2019, 02:20:05 pm

The Big Picture of Renewable Energy Growth by AGelbert
June 23, 2019, 06:28:48 pm

U.S. History & Politics, Climate Change, Trump Impeachment & Standing Rock: CONTEXT by AGelbert
June 23, 2019, 05:11:37 pm