Norwegian sovereign investment in coal undermines its climate leadership

Despite claiming to have 'sold out of coal', Norway's sovereign wealth fund remains heavily invested in the fossil fuel - institutional investors around the world should take note, writes ActionAid Denmark's Dina Rui. Norwegians have a shared piggybank. Right now, there is $1.3trn in that piggybank - built on Norway's petroleum revenues. The $1.3trn in isn't just piled up inside a humongous money bin similar to that of Scrooge McDuck. Most of it is invested in more than 9,000 companies across the globe. This makes the piggybank one of the biggest and most influential institutional invest...