Connect with us

Environment

Norway’s Sovereign Wealth Fund Starting to Divest from Non-Renewable Energies

The Nordic country is starting to divest away from non-renewables.

Duane Paul Murphy

Published

on

Norway’s sovereign wealth fund, the world’s largest sovereign wealth fund that manages more than $1 trillion of the country’s assets, announced on Friday, March 8 that it will divest from oil and gas exploration investment firms. However, the sovereign wealth fund will continue to hold financial stakes in larger firms such as BP and Shell that already have renewable energy divisions. The last major divestment the sovereign wealth fund committed to was in 2014 when they dropped 50 coal companies from the fund.

Movements to divest from nonrenewable energies are on the rise globally. According to Fossil Free, a project of the environmental group 360.org, multiple non-profits, companies, universities, pension funds, and governments have already committed to divesting from non-renewable fossil fuels. These organizations include Chico State University in California, the Church of England in the United Kingdom, the city of Berkley in California, and the city of Cape Town in South Africa.

Jumpstart a career doing something you are passionate about with one of College Media Network’s courses. Read about our current offerings, schedule and unique virtual learning environment here.

Duane Paul Murphy is a D.C. college graduate and freelance journalist born and raised in Southern California. He obtained a bachelor of art’s in politics and a minor in media studies, Duane Paul is interested in covering domestic as well as international political affairs that impact the lives of everyday people, whether they are young students, professionals, or faculty in higher education.

CMN Reports

National News5 days ago

Poll: Almost 40% of College and University Undergraduates Nationwide Favor Socialism

Socialism is slowly rising amongst college youth.

by , The Catholic American University
Employment2 weeks ago

California Bans Discrimination Based on Natural Hairstyles

The Golden State is combating discrimination based on appearance.

by , The Catholic American University
Equality3 weeks ago

The Supreme Court Determines the Fate of Political Representation

The country's high court determines the future of representation.

by , The Catholic American University
Equality2 months ago

Colorado Bans Conversion Therapy for LGBTQ Youth

The Centennial State moves forward in progress for the queer community.

by , The Catholic American University
Government2 months ago

Illinois Legalizes Recreational Marijuana

The Prairie State advances towards cannabis legalization.

by , The Catholic American University
Government2 months ago

New Hampshire Becomes the 21st State to Abolish Capital Punishment

The Granite State makes a huge step towards criminal justice reform.

by , The Catholic American University
Equality2 months ago

Maine Bans LGBTQIA+ Conversion Therapy for Minors

The Pine Tree State further progresses in queer rights.

by , The Catholic American University
Election 20202 months ago

Elijah Manley: The Youngest Person to Ever Run for U.S. President

Meet the youngest person ever to run for U.S. president.

by , The Catholic American University

Most Read From CMN Writers

[]
1 Step 1
keyboard_arrow_leftPrevious
Nextkeyboard_arrow_right

Copyright © College Media Network