Human Wrongs Watch

By Johan Hammerstrøm*

Today’s [5 June 2015] vote in the Norwegian Parliament marks a truly historic event: It is the first time in history that all our politicians — left-leaning and right-leaning — have come together to take a stand against coal.

Norwegian Pension Fund Divestment Rally in OsloProtest Groups including Greenpeace, WWF, and Framtiden i Våre Hender (Future in our Hands) gather outside Stortinget (Norwegian Parliament) to encourage the government to divest the Norwegian pension fund from coal investment.05/27/2015 © Henrik Evertsson / Greenpeace


The parliament unanimously voted for the Norwegian Government Pension Fund to classify most companies involved in coal mining and coal-fired utilities as unacceptable investment options.

Not only is this a unique achievement, it is a step in the right direction and a signal to leaders across the globe.

The Government Pension Fund is the world’s largest wealth fund not privately owned and the new measures means that according to Greenpeace Nordic’s and Urgewald’s initial estimate, 120 companies will be targeted for a divestment totaling 8 billion US dollars.

The decision means that the fund will not invest in any company that uses coal for more than 30% of its activity. This includes both coal mining and coal-fired power plants.

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