Rich Norway fund moves toward green investments
4 Sep 2009
Norway’s sovereign wealth fund, one of the largest in the world with about $400 billion in assets, plans to commit about $3.5 billion dollars over a period of five years to companies it deems environmentally sound and engaged in sustainable growth.
The Norwegian Government Pension Fund aims to set aside the sum, which represents almost 1 per cent of its present funds, for the initiative as it continues to develop a strategy to limit climate change through selective investment.
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