Headlines
Norway Wealth Fund Revokes Exclusion on Germany's Rwe
Published by Global Banking & Finance Review®
Posted on May 11, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleGlobal Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 11, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleNorway's wealth fund has lifted its exclusion on RWE as the utility advances its coal phase-out, aligning with ethical guidelines.
(Reuters) -Norway's $1.8 trillion sovereign wealth, the world's largest, has decided to revoke its exclusion on German utility RWE, fund operator Norges Bank Investment Management said on Sunday.
In 2020, Norway's sovereign wealth fund had excluded RWE, alongside Glencore, Anglo American, Sasol and AGL Energy, for the use and production of coal under updated ethical guidelines.
In 2022, RWE, Germany's biggest utility, brought forward its coal phase-out by eight years and is ready to end lignite-based electricity generation in 2030 as part of a deal reached with the government.
The Norwegian fund said that several milestones with regards to the phaseout have already been reached.
"We consider that the coal-fired power capacity is now below the absolute threshold specified in the coal criterion. Coal mining will nevertheless remain above the threshold for some time to come," fund operator NBIM said in a statement.
About half of RWE's installed renewable capacity is based in the United States.
(Reporting by Kanjyik Ghosh in Bengaluru; Editing by Leslie Adler)
The article discusses Norway's wealth fund lifting its exclusion on RWE due to the utility's accelerated coal phase-out.
RWE was excluded in 2020 for its use and production of coal, which conflicted with the fund's ethical guidelines.
RWE brought forward its coal phase-out to 2030, meeting several milestones in reducing coal-fired power capacity.
Explore more articles in the Headlines category
