Storebrand: Fossil Fuel Firms are “Financially Worthless”

Storebrand, a Norwegian Pension fund, has decided to pull out of fossil fuels following Carbon Tracker’s latest report, Unburnable Carbon 2013. Christine Tørklep Meisingset, Storebrand’s head of sustainable investment, was quoted from her press release on the blue&green tomorrow website as saying “these resources are worthless financially…they do not contribute to sustainable development in the extent and the pace we want.”

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