So AustralianSuper investing in AU Coal = BAD
But Norway...Investing in Oil and Gas = GOOD
What does Norway Wealth fund invest in?About the fund
The aim of the fund is to ensure a long-term management of revenue from Norway’s oil and gas resources, so that this wealth benefits both current and future generations. The fund’s formal name is the Government Pension Fund Global.
Responsible investment
The fund exists to help finance the Norwegian welfare state for generations to come.
The idea of a Norwegian oil fund was conceived in the 1960s when the government claimed sovereignty over the Norwegian continental shelf. This laid the foundation for Norway's approach to petroleum resource management, based on parliamentary guidelines that ensure responsible, long-term management under strong governmental control.
...the superfund was “on the precipice” of becoming Whitehaven Coal’s largest investor, with shares worth about $395m.
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