Environmental jubilation over Liberals oil no – Aftenbladet.no

Left will have new and stricter guidelines for what the Government Pension utlnd (oil fund) may invest the money in.

At the congress let management proposals for new guidelines for the Fund, which will mean that the fund must sell shares for around 85 billion in oil and gas companies if they are adopted. The proposal goes across how the government believes the oil fund should be administered so that it came out in the White Paper which was presented before the weekend.

In addition to the Oil Fund will not invest in companies that violate human rights or operate ethically questionable, will also party have a clause against environmental and climate harmful activities. This applies both within coal, including power companies and oil and gas business.

How will Siv control oil fund

Want to invest in environment, but retains coal.

Statoil from tar sands

Oil Fund must stay away from companies involved in tar sands or oil and gas from shale, says Left, and it also applies to companies doing business in “highly vulnerable areas “, for example in the Arctic.

Left will also withdraw the fund from those companies that have the highest emissions and extracting the most expensive and polluting oil and gas reserves. On this list are including the three aforementioned oil companies.

Liberal deputy Terje Breivik says the party will seek to collect such a wide majority as possible about the proposals.

– We are particularly excited Labor, which now has an excellent opportunity to show that the party is serious about his desire for a green shift, says Breivik to Aftenbladet.

He assures that petroleum fund thesis should still be managing the Norwegian oil wealth most possible profitable.

– This section of the Fund’s activities that are involved here represent only a small portion of the Fund’s activities, he said.

Although the oil fund has no investments in Statoil believes breivik that the new guidelines indirectly be of importance for the company’s operations if they are declared.

– Statoil management must be particularly unmusical if it does not account for a majority in Parliament, for example when it comes to involvement in tar sands, says Breivik.

Getting bykamp on the oil fund in Parliament

Siv Jensen (FRP) allows oil fund invest more in the environment, but will not blacklist kull.Å establish a separate department in Stavanger or other cities, is not sacrificed than thought.

Going too far, believes Ap

Torstein Tvedt Solberg is rapporteur for the White Paper on the oil fund that was recently published. He can not promise Aps supporting Liberal proposal.

– We welcome the proposal that the oil fund should pull out of businesses based on coal. It is something we have already suggested, and it is good if Left now will support this, Solberg said.

– What oil and gas that are harmful to the environment?

– It is most useful to begin with coal, there is something also environmental movement believes. But it can not be excluded that we can later introduce rules which exclude investments in oil and gas companies, responding Tvedt Solberg.

Finance Siv Jensen’s sister, Nina Jensen, shelves Liberal initiatives. Finance Minister sister was invited to the congress as Secretary General of WWF.

– This is a very important contribution to the fight against climate change, says Jensen.

– What opportunity do you think the proposal?

– Very good when it comes to coal, but the proposal when it comes to oil and gas companies need probably more maturation. But selling out of the coal companies will be a good beginning, says Jensen.