On the Finance Committee meeting Wednesday night, it was agreed to withdraw the fund from companies where coal accounts for more than 30 percent of revenues and companies that rely more than 30 percent of its business on coal, writes E24.
– This is a major strength that Parliament stands united on this, because it makes this clear and reinforcing, says Torstein Tvedt Solberg (Ap) the Finance Committee.
Committee makes the case on Thursday 28 May and the adoption by Parliament on 5 June. This now appears to be a formality, since there is full agreement that the oil fund should refrain from such investments.
The government’s task is then to ask Norges Bank and the Council for advice on how this should be implemented.
The new guidelines for coal companies to be implemented by 1 January next year.
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