Tromso (Dagbladet): Left today presented its proposal on how the oil fund should pull out of coal and particularly polluting oil companies. The criteria are so strict that the Pension Fund will not be able to buy shares in companies that operate in the same way as our own group.
– This should have been unnecessary policy. One has to be an idiot if you invest in this matter. It is not economically sensible to invest in oil and coal, says investor Jens Ulltveit-Moe.
Right Man is the Left party congress to talk about the shift to a green economy. He believes this is about to happen by itself – prompted by economic realities. He refers to the energy companies in Germany have fallen by 80 percent and the same happens in Britain and the United States.
– Politics and morality are the believers. With financial convinces you rest. The paradox is that on purely economic criteria so should not SPU (oil fund) be in oil and gas. So big part of our national’s where, so clean out from a rissikovurdering so it must be wrong to invest more there, he said.
Moral
Morons or not. Oil Fund has invested around 270 billion oil and gas industry. Liberal proposal to sell off delinquent companies means that the oil fund must dispose of shares for 110 billion.
– You may well be morally, but I look at it financially. Economically, there has been a revolution and renewable energy has become so much cheaper that it is now competing fully with fosil energy, even without subsidies.
He points out that the oil fund had gone out of oil and coal a year ago they had reached their targets much better than what they have managed.
– They did not even benchmark, he said.
Black
By climate considerations will left pull oil fund from energy companies where coal accounts for more than 25 percent of revenue, power generation or energy use.
Also companies that produce or are involved in the extraction of oil from tar sands, shale or operating in the Arctic, also harbors the Liberal blacklist.
The same applies to companies “that searches for projects that are dependent on oil prices that is not consistent with two-degree target. “
Liberal fiscal spokesman Terje Breivik hope uttrekskriteriene will inspire oil companies to lay about.
– The point to Ulltveit- Moe shows how important it is that the oil fund gets uttrekskriterier so companies they are inside, or companies seeking oil fund investor, make changes in the way they produce, he says
Left has not rained on how much value the fund (SPU), also called oil fund must sell shares if their criteria obtains a majority in Parliament.
– The theoretical sum is 270 million. It is the total value of oil-related shares in the Fund today. It is a manageable size, the addition will be invested in other companies, says deputy Ola Elvestuen.
Oil Fund will have to sell out of all the major oil companies if utrekkskriteriene from Left adoption.
No comments:
Post a Comment