Norway’s sovereign wealth fund drops over 50 coal companies

The world’s richest sovereign wealth fund divested from over 50 coal companies in 2014, new analysis has revealed. The GPFG sold off its holdings in 53 coal companies in 2014, dumping 16 US companies including Peabody Energy and the mountain-top-removal companies Arch Coal and Alpha Natural Resources. The fund also dropped 13 Indian companies, including the giant Coal India.

Devastation from coal mining in South Kalimantan, Indonesia

Greenpeace has uncovered evidence that the intensive coal mining activities in Indonesia’s South Kalimantan province are discharging toxic pollution into rivers, and in some instances, violating national standards for wastewater discharges from mines. Local environmental authorities have failed to stop or prevent the violations. Due to the large amount of coal mining, almost half of the province’s rivers are at risk of being affected by water pollution from the mines. Climate and energy campaigner Arif Fiyanto blogs about the impact of coal mining on South Kalimantan