> The GFPG also expelled 35 companies due to water management risks, including tar sands companies.
> Finally, 14 companies were expelled for unnamed reasons.
> The GFPG still heavily invests in many fossil fuel companies, but decides on divestment on a case-by-case basis.
> Also known as the Oil Fund, given most of its wealth comes from the petroleum sector,
> the GPFG is so massive that it owns arounds 1.3 percent of the world's listed shares.
i.e., given that it relies on the petroleum sector, the only Norwegian oil companies that they would divest from
are those who have created water management risks, "unacceptably high" greenhouse gas emissions (no qualification
for what that level is) or whatever the "unnamed reasons" are.
It is still an excellent move.
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