The Expert Group on investments in coal and petroleum companies invites to a stakeholder meeting
Historical archive
Published under: Solberg's Government
Publisher: Ministry of Finance
News story | Date: 03/06/2014
The Ministry of Finance has appointed an expert group to assess the Government Pension Fund Global's (GPFG) appropriate use of policy instruments and investments in coal and petroleum companies. The Storting (the Norwegian parliament) has asked the government to establish the group, which will evaluate whether the exclusion of coal and petroleum companies is a more effective strategy for addressing climate issues in the management of the GPFG than the exercise of ownership and exertion of influence.
The Ministry of Finance has appointed an expert group to assess the Government Pension Fund Global's (GPFG) appropriate use of policy instruments and investments in coal and petroleum companies. The Storting (the Norwegian parliament) has asked the government to establish the group, which will evaluate whether the exclusion of coal and petroleum companies is a more effective strategy for addressing climate issues in the management of the GPFG than the exercise of ownership and exertion of influence.
As part of its background work the Expert Group carried out a meeting where external stakeholders provided relevant input. The Expert Group therefore invited to a an open meeting on the 18th of June at the Frisch Centre, University of Oslo.
Registered stakeholders gave a five to ten minutes presentation to the group. It was also possible to deliver written input.
Presentations delivered in the stakeholder meeting:
- Considerations regarding investments in coal and petroleum companies within the Norwegian Government Pension Fund Global (GPFG) by Church of Norway
- 1st Century Coal: Energy Access, Clean Coal Technologies and Sustainable Mining by Peabody Energy
- Submission from Rainforest Foundation Norway to the Expert group on GPFG investments in coal and petroleum companies
- Coal Investments of the Norwegian Government Pension Fund byHeffa Schücking, Urgewald, Germany
- Investing in coal – essential to meeting global energy access and climate objectives byBenjamin Sporton, Deputy Chief Executive i World Coal Association
- Innspill til ekspertgruppen for kull, olje og gass investeringer byLars Erik Mangset og Arild Skedsmo, WWF Norway
- Greening the GPF Global by Marius Holm, Zero
The Expert Group also met som researchers on the 18th of June. See their presentations here:
- Strong climatic changes or substantial emission cuts: the future of the fossil fuel industries, by Asbjørn Aaheim, CICERO
- Reconciling climate risk with investment decisions by Christa Clapp, CICERO
- The European energy industry in 2030, by Rolf Golombek, Forskningsparken
- Fossil fuel shares in the GPF-G, A tale of two discussons by Klaus Mohn, Professor, University of Stavanger Business School
- Oil, climate and GPFG by Cathrine Hagem, Statistics Norway and CREE – Oslo Centre for Research on Environmentally friendly Energy