Storebrand excludes another 10 coal companies.

Storebrand: “Continuing its sector-by-sector approach to reducing exposure to fossil fuels and CO2 emissions, Storebrand further reduces investments in coal by excluding ten companies.”
“As a result of the latest analysis of the Utilities sector, Storebrand has chosen to exclude companies with the largest share of coal in electricity production.
10 percent of the sector will now be excluded; those companies with the highest share of power generation from coal. An exception has been made for those companies that have an above average share of power generation from renewable sources (above 4%), as this is one method to increase the relative share of renewables in our portfolios. This brings the total to 23 coal companies excluded from all of Storebrands portfolios.”