Norway's Oil Sell-Off Plan Is 'Shot Heard Around the World'
“We are taking about years rather than months or quarters,” he said. “This has nothing to do with the environment. It is purely a financial debate.”
That’s true, Lubber said. But the debate, she said, underscores that climate change has made fossil fuels increasingly risky investments -- even in the eyes of a petroleum giant like Norway.
“It’s an enormously important statement,” Lubber said. “Once one major player does it, others will follow.”
With assistance from Jessica Shankleman, Javier Blas and Sveinung Sleire. To contact the reporters on this story: Joe Ryan in New York at firstname.lastname@example.org; Anna Hirtenstein in London at email@example.com. To contact the editors responsible for this story: Reed Landberg at firstname.lastname@example.org Will Wade, Jim Efstathiou Jr.
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