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About coalexit.org
Urgewald was the driving force behind one of the biggest coal divestments to date. In 2015, Norway’s Government Pension Fund adopted a coal phase-out commitment that led it to divest US$ 6 billion from the coal industry. At the time, the Pension Fund was among the top 10 investors in the global coal industry. Its divestment triggered a domino effect in the finance industry. Between 2015 and 2017, Norway’s Pension Fund and the insurance giants Allianz and AXA collectively divested coal assets worth US$ 26 billion.
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