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These Greenhouse Gas Biggies Could Be Target of $1 Trillion Fund

July 2, 2018, 1:51 PM

Norway’s $1 trillion wealth fund is now under pressure to make a decision on what constitutes an “unacceptable” level of greenhouse gas emissions.

It has been in a dialog with the Council of Ethics over what rules to use if it were to exclude any companies. The council has said that the best approach is to look at overall emissions and has put forth five names to exclude, according to a letter obtained by Bloomberg.

The names are under tight wrap, though the head of council, Johan H. Andresen, has previously flagged that they are primarily looking at energy,...

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