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.

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.