Published: November 14, 2019
Riksbank says Queensland and Western Australia, as well as Canada’s Alberta, ‘not known for good climate work’
Sweden’s central bank said on Wednesday it had sold off bonds from Western Australia and Queensland, and the oil-rich Canadian province of Alberta, because it felt that greenhouse gas emissions in both countries were too high.
The Riksbank deputy governor, Martin Floden, said the bank would no longer invest in assets from issuers with a large climate footprint, even if the yields were high.
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