{"id":654,"date":"2016-03-09T00:00:00","date_gmt":"2016-03-09T00:00:00","guid":{"rendered":"https:\/\/master.k8s.p4.greenpeace.org\/norway\/nyheter\/654\/norways-oil-fund-starts-divestment-from-coal\/"},"modified":"2023-08-31T10:52:18","modified_gmt":"2023-08-31T09:52:18","slug":"norways-oil-fund-starts-divestment-from-coal","status":"publish","type":"post","link":"https:\/\/www.greenpeace.org\/norway\/nyheter\/klimaendringer\/norways-oil-fund-starts-divestment-from-coal\/","title":{"rendered":"Norway\u2019s oil fund starts divestment from coal"},"content":{"rendered":"\n<p><strong>Oslo, Norway, 9 March 2016 \u2013 Starting with 27 coal companies Norway\u2019s Oil Fund has now kicked off the effort to divest from coal. Greenpeace welcomes the Norwegian initiative and calls on other big investors to follow their lead.<\/strong><\/p>\n\n<p>&nbsp;The Norwegian Government Pension Fund Global (GPFG), also known as the Norwegian Oil Fund, Wednesday published their annual report. A <a href=\"https:\/\/www.greenpeace.org\/static\/planet4-norway-stateless\/2019\/04\/523bd876-523bd876-divestment.briefing.pdf\">Greenpeace and Urgewald analysis<\/a> shows that the June 2015 parliamentary decision recommends that at least <a href=\"https:\/\/www.greenpeace.org\/static\/planet4-norway-stateless\/2019\/04\/523bd876-523bd876-divestment.briefing.pdf\">122 companies should be divested from the fund<\/a>. Starting with 27 companies, the GPFG has begun to follow through with their divestment decision. Greenpeace Nordic expects full divestment of all 122 companies and a re-appraisal of the Parliament\u2019s decision by the end of this year.<\/p>\n\n<p>Greenpeace Nordic Finance Campaign Director Martin Norman, said:<\/p>\n\n<p>\u201cFollowing the Paris agreement of December, \u2018business as usual\u2019 is no longer a viable option. In the long run fossil fuels have to go, and divesting from coal is a logical first step. What we see here is only the beginning of what the planet needs \u2013 shifting the money flow away from fossil fuels and towards sustainable and renewable energy.\u201d<\/p>\n\n<p>\u201cThe GPFG divestment is the biggest divestment from fossil fuels in history so far. And when one of the largest sovereign wealth funds in the world start to divest, others should follow. Big money is now starting to move away from fossil fuels.\u201d<\/p>\n\n<p>\u201cThe Norwegian decision to divest has already catalysed a series of other large fossil fuel divestments. Both Allianz, AXA, KLP and Storebrand have made similar divestment announcements, and we expect more investors to follow their path.\u201d<\/p>\n\n<p><strong>Media Contacts:<\/strong><\/p>\n\n<p>Martin Norman, Finance Campaign Director \u2013 Greenpeace Nordic \u2013 +47 95804950<\/p>\n\n<p>Arnstein Vestre, Finance Campaign advisor \u2013 +47 48268249<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Starting with 27 coal companies Norway\u2019s Oil Fund has now kicked off the effort to divest from coal. Greenpeace welcomes the Norwegian initiative.<\/p>\n","protected":false},"author":27,"featured_media":991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"p4_og_title":"","p4_og_description":"","p4_og_image":"","p4_og_image_id":"","p4_seo_canonical_url":"","p4_campaign_name":"not set","p4_local_project":"not set","p4_basket_name":"not set","p4_department":"","footnotes":""},"categories":[58,1],"tags":[29,72,73],"p4-page-type":[16],"class_list":["post-654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energi","category-klimaendringer","tag-fossilenergi","tag-oljefondet","tag-finans","p4-page-type-nyheter"],"_links":{"self":[{"href":"https:\/\/www.greenpeace.org\/norway\/wp-json\/wp\/v2\/posts\/654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.greenpeace.org\/norway\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.greenpeace.org\/norway\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.greenpeace.org\/norway\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greenpeace.org\/norway\/wp-json\/wp\/v2\/comments?post=654"}],"version-history":[{"count":10,"href":"https:\/\/www.greenpeace.org\/norway\/wp-json\/wp\/v2\/posts\/654\/revisions"}],"predecessor-version":[{"id":57508,"href":"https:\/\/www.greenpeace.org\/norway\/wp-json\/wp\/v2\/posts\/654\/revisions\/57508"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.greenpeace.org\/norway\/wp-json\/wp\/v2\/media\/991"}],"wp:attachment":[{"href":"https:\/\/www.greenpeace.org\/norway\/wp-json\/wp\/v2\/media?parent=654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greenpeace.org\/norway\/wp-json\/wp\/v2\/categories?post=654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greenpeace.org\/norway\/wp-json\/wp\/v2\/tags?post=654"},{"taxonomy":"p4-page-type","embeddable":true,"href":"https:\/\/www.greenpeace.org\/norway\/wp-json\/wp\/v2\/p4-page-type?post=654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}