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carbon bubble
A supplement to Eco Unionist News:
(in 2015), the Norwegian Parliament took a historic decision to move the Government Pension Fund Global (GPFG) out of thermal coal. The Parliament determined that companies should be excluded if they “base 30% or more of their activities on coal, and/or derive 30% of their revenues from coal.”1Thiswas an important break-through as the 30% threshold established a new benchmark for divestment actions of large investors. Only months after the Norwegian decision, the world’s largest insurance company, Allianz, undertook a coal divestment action of its own based on the GPFG’s 30% threshold.2And other investors such as KLP and Storebrand, which had already undertaken divestment actions, have now tightened their thresholds to keep up with the trail blazed by the Norwegian Parliament.The Fine Print I:
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The Fine Print II:
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