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Bloomberg reported that concerns over climate change and a fall in commodities prices have forced Nordic funds to cut support to US fossil fuel companies.
Bloomberg reported that concerns over climate change and a fall in commodities prices have forced Nordic funds to cut support to US fossil fuel companies.
As quoted in the market news:
The investors, including Norway’s $900 billion sovereign wealth fund and Nordea Bank AB from Sweden, have also sold off holdings in Devon Energy Corp., Cabot Oil & Gas Corp. and the utility American Electric Power Inc., according to research from Bloomberg Intelligence.
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