World's largest wealth fund blacklists Glencore, other giants over coal use
World's largest wealth fund blacklists Glencore, other giants over coal use
Norway's $1 trillion (812.08 billion pounds) wealth fund is excluding some of the world's biggest commodities firms from its portfolio, including Glencore and Anglo American, because of their use and production of coal.
Underlining the growing role of climate considerations for long-term investors, the fund is also excluding German utility RWE, South African petrochemicals firm Sasol and Dutch...