About: http://data.cimple.eu/news-article/e9eaa05291c1278897ae20392b1c0355d2cd098273bdce458aea8491

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/e9eaa05291c1278897ae20392b1c0355d2cd098273bdce458aea8491 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Sweden's largest pension fund, with over $70 billion under management, said Monday it would sell off assets in fossil fuel industries, as part of a "growing climate awareness". AP7, a state-run pension fund that manages pensions for more that four million Swedes, said the decision was based on "market analysis and risk estimation". "The risk of fossil investing is estimated to increase substantially," the fund said in a statement. "The decision to divest from fossil fuel also resonates with a growing climate awareness and demand for sustainable fund investments among AP7's clients," it added. AP7 intends to sell its assets in companies that are "extracting, refining and distributing power from coal, oil and gas for more than five percent of their total production", a spokesman told AFP. Affected companies accounted for "way over three percent" of AP7's assets, and the plan was for divestments to begin immediately in order to reach the goal of "overall carbon neutrality" by 2030. The fund currently has holdings in oil giant BP, rival Royal Dutch Shell, and US-based Exxon Mobil and Chevron. AP7 has a total capital of around 670 billion Swedish kronor $72 billion or 64 billion euros). In neighbouring Norway, the country's sovereign wealth fund, the largest in the world, announced in 2019 that it would divest from certain oil companies in order to reduce the country's exposure to oil, however it excluded major players like Exxon Mobil and Total. In May, the wealth fund placed 12 new companies on its blacklist, including mining giants such as Switzerland's Glencore and Britain's Anglo American - and energy companies such as Germany's RWE, Australia's AGL Energy and South Africa's Sasol, because of their dependence on coal. burs-hdy/jll/jh
schema:headline	Sweden's largest pension fund swears off fossil fuels
schema:mentions	RWE Blacklisting Carbon neutrality Royal Dutch Shell Energy independence ExxonMobil Chevron Corporation Sovereign wealth fund BP Agence France-Presse Fossil fuel Coal Switzerland Sweden Norway Germany South Africa Australia AP7 Sasol AGL Energy Anglo American plc Glencore Swedish krona Pension fund JLL (company)
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-06-29 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	83 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software