Norway plans to drop worst greenhouse gas emitters from wealth fund

April 10, 2015 11:40 AM

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OSLO, April 10 (Reuters) - Norway plans to drop investments in companies emitting unacceptable amounts of greenhouse gases in a sharpening of environmental rules for its $885 billion sovereign wealth fund, the Finance Ministry said on Friday.

The proposed rules would stop short of a blanket divestment from coal and oil by the world's biggest sovereign wealth fund, it said. The fund is itself built on revenues from Norway's offshore oil and gas production.

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