The finance committee in the Norwegian Parliament has suggested a new absolute threshold criteria for coal in the Norwegian Oil Fund, pulling about 50 billion NOK out of coal.
The finance committee decided that the current 30- percent threshold criterion should remain unchanged, but should be supplemented by absolute thresholds of 20 million tonnes for coal mining and 10,000MW coal power capacity.
Using the Global Coal Exit list made by German GO Urgewald as starting point, we have made this list of companies that should be divested from with this new criteria.
| Company (Red = Top Coal Plant Developer) | Parent Company on GCEL | Headquarters | Investments 2018 (NOK) (Blue=bonds) |
|---|---|---|---|
| RWE AG | Germany | 1 607 278 113 | |
| Uniper SE | Germany | 843 771 312 | |
| Enel SPA | Italy | 10 855 462 131 | |
| Enel SPA | Italy | 510 343 409 | |
| Enel Finance International NV | Enel SPA | Netherlands | 3 925 736 339 |
| AGK Energy Ltd | Australia | 791 348 972 | |
| Glencore PLC | Switzerland | 9 149 765 118 | |
| Anglo American PLC | UK | 5 374 383 762 | |
| BHP Billiton Ltd | Australia | 4 725 240 464 | |
| BHP Billiton PLC | UK | 9 951 283 808 | |
| BHP Billiton Finance USA Ltd | BHP Billiton Ltd | Australia | 20 998 442 |
| BHP Billiton Finance Ltd | BHP Billiton Ltd | Australia | 382 813 893 |
| South32 Ltd | Australia | 2 307 090 967 |