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'Historic breakthrough': Norway's giant oil fund dives into renewables
by Damian Carrington, Environment Editor
The Guardian Translate This Article
5 April 2019
On 5 April 2019 The Guardian reported:
Experts say even nations that got rich on fossil fuels are seeing the future is green. Norway's $1tn oil fund, the world's largest sovereign wealth fund, is to plunge billions of dollars into wind and solar power projects. The decision follows Saudi Arabia's oil fund selling off its last oil and gas assets.
Global Good News service views this news as a sign of rising positivity in the field of science, documenting the growth of life-supporting, evolutionary trends.
Other national funds built up from oil profits are also thought to be ramping up their investments in renewables. The moves show that countries that got rich on fossil fuels are diversifying their investments and seeking future profits in the clean energy needed to combat climate change. Analysts say the investments are likely to power faster growth of green energy.
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