(Reuters) - Norway's $1.6 trillion sovereign wealth fund, the world's largest, falls short on its climate ambitions by failing to back multiple shareholder proposals pushing oil companies to cut their greenhouse gas emissions, an NGO report said on Monday.
The fund pools the Nordic country's state revenues from oil and gas production. Since 2022 its aim is for the 9,000 companies it invests in globally to reach net zero greenhouse gas emissions by 2050, in line with the Paris Agreement.
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