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Published on April 13th, 2018 | by James Ayre

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PKA (Danish Pension Fund) Cutting 35 Oil & Gas Firms From Investment Portfolio

April 13th, 2018 by  


A Denmark-based pension fund managing around $46 billion in assets has announced that it will now exclude 35 prominent oil and natural gas firms from its investment portfolio, according to recent reports.

That Danish pension fund, dubbed PKA, made the decision to exclude the fossil fuel firms in question from future investment due to an intention to live up to the goals set out by the relatively recent Paris Climate Agreement.

Reuters provides a bit more information: “The excluded companies include Anadarko, Chesapeake Energy, Marathon Oil, Apache, Gazprom, Inpex, Lukoil, Rosneft, and Sinopec, PKA said. The pension fund also excluded 70 coal companies from its portfolio.”

It’s probably not the most important bit of news, but it still makes for an interesting data point. It’s becoming increasingly clear that many large funds of various kinds will exit fossil fuel investment over the coming decade.

Notably, of course, this doesn’t necessarily mean much of anything when it comes to state-owned fossil fuel companies — whether in the context of literally being state owne or in the context of simply holding the reigns of government.

What do I mean when I say that? I mean that, effectively speaking, divestment isn’t likely to have much of an effect on the operations of such firms. Well, not in the near- or mid-term — perhaps over the long term such strategies will be somewhat effective in that context.

On that note, perhaps there are synergies to this story: Head Of DUH: Angela Merkel “Remotely Controlled” By German Auto Industry.


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About the Author

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.



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