First coal exclusions from the Government Pension Fund Global
Norges Bank has decided to exclude 52 companies from the Government Pension Fund Global after an assessment of companies and the new product-based coal criterion in the guidelines.
Norges Bank has decided to exclude 52 companies from the Government Pension Fund Global after an assessment of the new product-based coal criterion. The exclusions follow a first round of analysis by Norges Bank Investment Management. Further exclusions will follow in 2016.
Norges Bank’s Executive Board made the exclusion decision based on recommendations from Norges Bank Investment Management. The Executive Board has found that the recommendations satisfies the exclusion criteria and that the companies can be excluded from the fund (see § 3, subsection f, of the Guidelines for observation and exclusion from the Government Pension Fund Global).
Read the grounds for decision on product based coal exclusion at nbim.no
| Name | Country |
| Aboitiz Power Corp | Philippines |
| AES Corp/VA | United States |
| AES Gener SA | Chile |
| ALLETE Inc | United States |
| Ameren Corp, including bonds issued by | United States |
| Union Electric Co (d/b/a Ameren Missouri) | United States |
| American Electric Power Co Inc, including bonds issued by | United States |
| Appalachian Power Co | United States |
| Indiana Michigan Power Co | United States |
| Capital Power Corp | Canada |
| CESC Ltd | India |
| China Coal Energy Co Ltd | China |
| China Power International Development Ltd | China |
| China Resources Power Holdings Co Ltd | China |
| China Shenhua Energy Co Ltd | China |
| CLP Holdings Ltd | Hong Kong |
| Coal India Ltd | India |
| CONSOL Energy Inc | United States |
| Datang International Power Generation Co Ltd | China |
| Drax Group PLC | United Kingdom |
| DTE Energy Co | United States |
| Dynegy Inc | United States |
| E.CL SA | Chile |
| Exxaro Resources Ltd | South Africa |
| FirstEnergy Corp | United States |
| Gujarat Mineral Development Corp Ltd | India |
| Hokkaido Electric Power Co Inc | Japan |
| Huadian Power International Corp Ltd | Hong Kong |
| Huaneng Power International Inc | China |
| IDACORP Inc | United States |
| Lubelski Wegiel Bogdanka SA | Poland |
| MGE Energy Inc | United States |
| New Hope Corp Ltd | Australia |
| NTPC Ltd | India |
| Okinawa Electric Power Co Inc/The | Japan |
| Peabody Energy Corp | United States |
| PNM Resources Inc, including bonds issued by | United States |
| Public Service Co of New Mexico | United States |
| Public Power Corp SA | Greece |
| Reliance Infrastructure Ltd | India |
| Reliance Power Ltd | India |
| Shikoku Electric Power Co Inc | Japan |
| Tata Power Co Ltd | India |
| TransAlta Corp | Canada |
| WEC Energy Group Inc, including bonds issued by | United States |
| Wisconsin Electric Power Co | United States |
| Whitehaven Coal Ltd | Australia |
| Xcel Energy Inc, including bonds issued by | United States |
| Northern States Power Co MN | United States |
| Public Service Co of Colorado | United States |
| Southwestern Public Service Co | United States |
| Yanzhou Coal Mining Co Ltd | China |
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