The finance committee in the Norwegian Parliament has suggested a new absolute threshold criteria for coal in the Norwegian Oil Fund, pulling about 50 billion NOK out of coal.

The finance committee decided that the current 30- percent threshold criterion should remain unchanged, but should be supplemented by absolute thresholds of 20 million tonnes for coal mining and 10,000MW coal power capacity.

Using the Global Coal Exit list made by German NGO Urgewald as starting point, we have made this list of companies that should be divested from with this new criteria.

Company (Red = Top Coal Plant Developer) Parent Company on GCEL Headquarters Investments 2018 (NOK) (Blue=bonds)
RWE AG Germany 1 607 278 113
Uniper SE Germany 843 771 312
Enel SPA Italy 10 855 462 131
Enel SPA Italy 510 343 409
Enel Finance International NV Enel SPA Netherlands 3 925 736 339
AGK Energy Ltd Australia 791 348 972
Glencore PLC Switzerland 9 149 765 118
Anglo American PLC UK 5 374 383 762
BHP Billiton Ltd Australia 4 725 240 464
BHP Billiton PLC UK 9 951 283 808
BHP Billiton Finance USA Ltd BHP Billiton Ltd Australia 20 998 442
BHP Billiton Finance Ltd BHP Billiton Ltd Australia 382 813 893
South32 Ltd Australia 2 307 090 967