Gem of the day

It's hard not to focus on the irony in the Norway Sovereign Wealth Fund's forthcoming decision to divest from coal assets - a $760 billion fund bankrolled by Norway's massive oil wealth, lauded for a radical move to decarbonise its investments.

Then again, for a fund that owns an average of 2.5% of every European listed company, a move is a move. In that case here's the next logical step - divest from three of the fund's top ten holdings, which are...in oil companies.

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