6 years ago
'Biggest Pile of Money on the Planet' To Dump Fossil Fuels Holdings
Environmental advocates on Thursday applauded the latest organization to shift away from continued support of the fossil fuel industry—Norway's national bank. In a move 350.org co-founder Bill McKibben called "astonishing," Norges Bank, which oversees the world's largest sovereign wealth fund, advised the Norwegian government to dump all of its shares in oil and gas companies, leaving those entities out of its $1 trillion fund.
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