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Norway's Oil Wealth Fund Drops Coal From Investment Portfolio

Norway's finance committee has passed a motion instructing the country's $900 billion Sovereign Wealth Fund to divest of any company with large holdings of coal as their revenues.

A statement by the finance committee resolves that: "Investing in coal companies poses both a climate risk and a future economic risk."

According to the Wall Street Journal:

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China Coal Slow Down Means Big Drop in Greenhouse Gas Emissions

If there's any political leaders out there still clinging to the line that they won't move on climate change until China moves, they need to read this article:

China's reduction in CO2 emissions in just four months totals the entire greenhouse gases emitted by the UK over the same period.

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Coal Giant Peabody Energy's Spends Millions on Lobbying US Government

St. Louis-based coal company Peabody Energy (NYSE: BTU) has seen its stock price plummet since 2011, but that has not stopped the company from spending big dollars on lobbyists to work over politicians and government officials in Washington, DC.

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Peabody Energy and CEO Greg Boyce's Long History of Climate Denial

When it comes to climate denier coal executives, there is none more outspoken than Peabody Energy CEO Greg Boyce, who recently reiterated his belief that climate change is, "an environmental crisis predicted by flawed computer models."

Boyce made the "flawed" comment in the roll-out of Peabody's "five point plan" — which is more a grumpy rejoinder to a world keen on replacing coal with renewable energy, than an actual plan.  

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