The list of companies that Norway's Government Pension Fund Global will not invest in is growing steadily. The latest additions include 10 companies, while another two have been put under observation. The reason is that the companies are too coal-based.
The decision was finalized by Norges Bank (the Central Bank of Norway), which manages the EUR 807 billion fund. It is the third time that the bank has analyzed the companies, and the list now comprises 69 companies.
At the same time, 13 companies are under observation, which means that there are doubts about whether or not the criteria for exclusion have been met.
The 10 companies are: CEZ, Eneva, Great River Energy, HK Electric Investments, Huidan Energy, Korea Electric Corp, Malakoff Corp, Otter Tail Corp, PGE, and SDIC Power Holdings.
The two companies under observation are NorthWestern Corp and Portland General Electric.
English Edit: Marie Honoré