- Reuters•4 months ago
Norway's $863 billion sovereign wealth fund, the world's biggest, said on Thursday it had sold shares in 52 coal-dependent companies from its portfolio as part of a policy to fight climate change. Norway's parliament agreed last year to make the fund, built on revenues from the country's vast offshore industry, sell out of companies that derive more than 30 percent of their turnover or activity from coal. The fund listed U.S. firms American Electric Power Co Inc , AES Corp and Allete Inc among the firms, along with China Coal Energy Co Ltd and Coal India, the world's biggest coal miner by output.
- Reuters•last year
India and Bangladesh signed an agreement on Saturday to simplify their 4,000-km (2,500-mile) border and clarify the identities of 52,000 living in enclaves, over four decades after the neighbours first tried to untangle complex territorial rights set down in 1713. Under the deal, signed in Dhaka in the presence of Indian Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina, the two countries will swap some 200 tiny enclaves dotted around the border. A string of trade and investment agreements accompanied the land deal, with $4.5 billion of investments in power and a $2 billion credit facility for Bangladesh unveiled on Saturday.
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