The Netherlands' five largest pension funds have said they are willing to invest billions in the country’s renewable energy sector and the electricity grid. The funds, with a combined 900 billion euros $975 billion in assets, have offered to help with finances and expertise in the nation’s electric grid expansion and sustainable heating projects.
and Chevron Corp. NYSECVX in what could be one of the biggest divestment drives by a pension fund. The fund has already sold off most assets in coal and Canada’s oil sands, although it still holds its $1.5 million investment in Arch Resources NYSEARCH, the second largest U.S. coal producer.
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