Norway’s wealth fund goes greener

COPENHAGEN, Denmark — Norway’s wealth fund, which wants to become one of the most ethical investors in the world, is dropping its investment in several major mining and fossil fuel companies after they failed to meet its environmental standards. The list also included Germany utility giant and Europe’s largest CO2 emitter RWE.

Norway’s central bank, which is behind the wealth fund, said Wednesday that companies Sasol Ltd, the mining company Glencore PLC, AGL Energy Ltd and Anglo American PLC were out. Its decision was based on new guidelines for coal companies that it adopted last year. Canadian Natural Resources Limited, Cenovus Energy Inc, Suncor Energy Inc, and Imperial Oil Limited, also will be excluded.