Terminal Decline: Investment Fund and Climate Catastrophe

terminal decline: The move is designed to protect Norway's state-owned investment fund from the decline in fossil fuels that will be vital if full-blown climate catastrophe is to be averted, according to The Guardian. But fossil fuels are by no means in terminal decline, according to a recent review of the global energy industry. Last week, Norway's parliament confirmed by unanimous vote that its 1tn sovereign wealth fund would dump 13bn of fossil fuel investments and start investing billions in renewables. BP's annual energy review revealed only days before the Norwegian vote that carbon emissions rose at the fastest rate in almost a decade last year. And the biggest offender in climate terms is coal. The figures revealed that the unexpected spike was caused by a growing appetite for energy, that was being met by fossil fuels. (news.financializer.com). As reported in the news.