Tag: Sundarbans

Norwegian pension fund gives clear message to banks on Rampal – stay out

The Norwegian Global Pension Fund divested from India's National Thermal Power Corporation (NTPC) in early 2015 due to its investments in the controversial and destructive Rampal coal plant in Bangladesh. Private banks should now follow the lead of the Norwegian fund and publicly commit to not financing a project that spells disaster for the Sundarbans, a World Heritage Site and the world's largest mangrove forest.

Read More

CoalWire 66, 5th December 2014

This week the German Government has announced coal plants will be required to close, Greenpeace have released a major report on pollution from coal mines in South Kalimantan in Indonesia, a Turkish administrative court has rejected environmental assessment reports for a proposed US$2 billion coal power station and the largest Norwegian pension fund manager has announced it is dropping its investments in 27 coal company stocks.

Read More