The Norwegian Government Pension Fund Global has in investing in 147 companies in the word with the largest reserves in coal, oil and gas. According to a recent research by WWF, the Norwegian investment equals 108 times the Norwegian's annual Greenhouse Gas Emissions.

WWF's global campaign, Seize Your Power, is calling on governments and financial institutions to increase investment in sustainable, renewable energy and to phase out investments in oil, coal and gas. As part of the global campaign, WWF Norway has been persuading the Norwegian Parliament to start a fund to invest 5% of its portfolio in renewable energy.

With investments in 7000 companies and as the owner of 1.2% of the worlds's stock markets, Norway will play an important role in a global shift towards renewable energy.

Hilde Singsaas, State Secretary of Norwegian Finance Ministry said today that they have taken into account issues and risks related to investments in fossil fuels: "Reducing investments in oil and gas has been debated several times. We will discuss increasing the fund's investments in renewable energy after we have gained experience with investments in real estate"