While the 2015 criteria were based on a company’s relative exposure to coal, the new criteria are based on absolute thresholds that capture the world’s largest coal producers and coal plant operators. After the expected parliamentary decision, all companies which are operating over 10 GW of coal-fired capacity or producing over 20 million tpy of coal will be blacklisted by the Norwegian Government Pension Fund.
According to Urgewald’s Global Coal Exit List, the following coal companies in the Pension Fund’s portfolio fall under the new criteria: AGL Energy (Australia), Anglo American PLC (UK), BHP Billiton (Australia), Enel (Italy), Glencore (Switzerland), RWE (Germany), South32 (Australia) and Uniper (Germany).
