Remember what the Future Fund's exit did to TLS

Livewire Equities


Remember what the Future Fund's exit did to TLS? Norway's $840 billion SWF is now considering dumping its stakes in BHP, WPL, and WHC. This from Peter Ker: Some of Australia's biggest resource companies could lose a major investor if Norway goes through with a plan to ban its SWF from investing in coal, oil and gas. Norway's sovereign wealth fund is the world's biggest at $840 billion and is a major shareholder in companies such as BHP Billiton, Woodside Petroleum and Whitehaven Coal. A non-government majority in the Norwegian parliament had been edging towards a vote on banning the fund from investing in coal, and the pressure has forced the government to launch a year-long expert review into whether the fund should cease investing in all forms of fossil fuel. Pengana Capital fund manager Tim Schroeders said Norway's fossil fuel review could prompt similar introspection here. More here: (VIEW LINK)

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