Norges Bank Investment Management CEO Yngve Slyngstad told Norway’s parliament last week that letters were sent to the biggest miners and he raised the question of “spinning off coal mining” and transitioning to “low-carbon energy systems”, according to news reports.
“The scientific basis for climate change is now widely accepted,” Norges said in its letter to miners dated February 4 ,according to the CEO’s presentation to Parliament.
The bank runs Norway’s $US900 billion ($A1.14 trillion) sovereign wealth fund. BHP, Glencore and Anglo are yet to comment on the matter.
Norges Bank has 1.89% stake of Glencore, a 2.99% stake of BHP and a 2.8% stake of Anglo.
The bank is considering a spree of real estate investments in Asia’s biggest cities according to reports in March.
A global fossil fuels divestment campaign was boosted when the Rockefeller Brothers Fund aligned itself with the cause last year.
