It’s time for the largest national fund in the world to stop profiting from climate destruction
Please divest your Global Pension Fund from fossil fuels, starting with companies mining and burning coal. Be a climate leader by reinvesting in a just transition to a 100% clean future fully powered by renewable energy.
What’s more: the fund is heavily invested in fossil fuels, including more than US$10bn in companies that mine and burn coal – one of the dirtiest and most polluting of fossil fuels. The coal industry not only contributes to climate change: every year, it’s responsible for 800,000 premature deaths around the world, polluting our air, rivers and communities.
Coal investments make up only 1.2% of the fund’s US$867bn investment portfolio, yet this is enough to make the fund one of the ten largest coal investors in the world.
In May and June this year, you can help us shift Norway’s dirty savings of the past into positive future impact for all. The fund’s investment policy comes under review in the Norwegian Parliament, and the country has a unique opportunity to stop profiting from the disaster its investments are causing, by divesting from fossil fuels, starting with coal.
Moving out of coal would be a small step for Norway (2 out of 3 Norwegians are in favour of it), but a big message to the international community. Join us in making that happen.