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Academics have come together in a plea to stop all British and American universities investing in any fossil fuel companies whatsoever
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The Norwegian company has been present in Russia for more than 30 years
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It has also announced £167m in humanitarian aid to Ukraine and banned Russian flights
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The financier has estimated this will have an effect equivalent to removing the emissions produced by almost a quarter of UK homes
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The Norwegian energy giant is divesting its 63% interest in the onshore business in Texas
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It will also no longer invest in companies that derive more than 5% of their revenue from such firms
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It now intends to sell stakes in 95 companies compared to initial plans to divest from 134 firms involved in oil and gas exploration and production
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It has committed to sell its remaining £2.8m holdings in fossil fuel companies over the next three years
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It also intends to establish a long term goal to continue reducing the carbon footprint of its investment portfolio
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The government is inviting comments until 28th November 2018
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The London Pension Fund Authority has only 2% of its entire holdings invested in fossil fuel companies
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