Dec 15, 2014
Judge Business School Scholar Advises Norway’s Sovereign Wealth Fund
An expert panel that includes Elroy Dimson, professor of finance and chairman of Cambridge Judge Business School’s Newton Centre for Endowment Asset Management, recommended in a report to Norway’s Sovereign Wealth Fund (SWF) that divestment from fossil fuels was not an appropriate strategy for the Fund to follow when addressing the challenge of climate change.
Elroy commented on the matter, saying that “For a fund as large as Norway’s, it is inappropriate to exit from fossil-fuel stocks. With Norway’s muscle, there is more to be gained by engaging with companies, regulators, and governments. That is a big agenda for the Fund.”
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