"Norway's fund barred from investing in U.S. firm Duke Energy", 7 Sep 2016

Norway's $900-billion wealth fund can no longer invest in Duke Energy, the biggest U.S. power firm by generation capacity, due to alleged breaches of environmental law at its coal-fired plants...

Duke Energy and its subsidiaries Duke Energy Carolinas [DUKDP.UL], Duke Energy Progress [DEPI.UL] and Energy Progress Inc were excluded "based on an assessment of the risk of severe environmental damage", the central bank's board said in a statement...

The board's decision was based on a recommendation by the ethics watchdog for the fund, the Council on Ethics...

"Since 2011, we have retired more than 40 coal units across our generation fleet and this process will continue," [Duke Energy] stated...

[Also refers to Petrobras]