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Norway fund may have to offload $1 billion stake in Glencore in shift away from coal

2 weeks ago DieselGasoil Comments Off on Norway fund may have to offload $1 billion stake in Glencore in shift away from coal
OSLO (Reuters) – Norway’s $1 trillion sovereign wealth fund may have to sell its $1 billion stake in commodities giant Glencore, among other companies that derive more than 30 percent of their revenue from coal, to meet proposed tighter ethical investing rules. FILE PHOTO: A general view of the Norwegian central bank in Oslo, Norway Read More

BHP faces $5 billion claim over 2015 Brazil dam failure

2 months ago DieselGasoil Comments Off on BHP faces $5 billion claim over 2015 Brazil dam failure
LONDON (Reuters) – Anglo-Australian mining giant BHP is facing a landmark, $5.0 billion damages claim in England for being “woefully negligent” in the run-up to a 2015 dam failure that led to Brazil’s worst environmental disaster, a lawsuit alleges. FILE PHOTO: The debris of the municipal school of Bento Rodrigues district, which was covered with Read More