Even Oil Gulf Sovereign Wealth Funds Sign Macron’s Green Investment Pledge

Paris (AFP) – Six sovereign wealth funds including four Gulf states have pledged to boost efforts to fight climate change at a Paris meeting called by Emmanuel Macron, the French presidential office announced Friday.

The state funds of Kuwait, Norway, New Zealand, Qatar, Saudi Arabia, and the United Arab Emirates — global finance heavyweights mainly fuelled by domestic oil and gas revenue — promised to encourage the companies they invest in to tackle the rising threat of a warming planet.

The heads of the funds, which together are worth more than $3 trillion, signed a charter to be unveiled Friday evening at the Elysee palace.

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