Skip to content

First coal exclusions from the Government Pension Fund Global

Press release 14 April 2016

Norges Bank has excluded 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 (PDF)

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 

Press contacts

Marthe Skaar
Manager, Communications and External Relations
Phone: +47 2407 3561/ +47 926 17 663

Thomas Sevang
Head of Communications and External Relations
Tel: +47 2407 3276/ +47 926 01 756

Email: [email protected]