Protesters from the environmental group Extinction Rebellion blocked access to N...
OSLO - Protesters from the environmental group Extinction Rebellion blocked access to Norway’s central bank on Friday, demanding that its $1 trillion wealth fund, the world’s largest, stop investing in companies that burn coal.
Around 10 demonstrators blocked the main entrance to Norges Bank and its asset management arm NBIM, carrying banners and spray-painting slogans on windows. Seeking to draw attention to “ineffective measures against climate change”, the demonstrators also plan wider actions against the government in a bid to halt Norway’s production of oil and gas, the group said in a statement.
While the fund holds stakes in more than 9,000 companies, it is subject to a range of limitations, including a ban on firms producing nuclear bombs or tobacco, as well as those deriving more than 30 percent of revenues or activity from thermal coal.
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