Norway's wealth fund drops 52 coal companies

The fund, fuelled by Norway's state oil revenues, has therefore sold its stakes in 52 companies, most of them American and Chinese, including Peabody Energy, the biggest US coal producer. The list also includes several Indian companies, such as Reliance Power, Reliance Infrastructure and Tata Power, three Japanese groups, and several European companies. Further exclusions will follow in 2016.



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