Nordic Funds Cut US Fuel Investments

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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