How divesting of fossil fuels could help save the planet

Recently, a number of institutional investors, including Caisse de dépôt et placement du Québec in Canada and Norway's sovereign wealth fund, announced their intent to reduce their exposure in investments linked to fossil ...

Saudi Arabia plans to build futuristic city for innovators

Saudi Arabia's powerful crown prince on Tuesday announced plans to build a futuristic city run entirely on alternative sources of energy and said the ultraconservative kingdom must return to "moderate Islam."

Will Uber's cash path spur others?

Startups have long been the domain of venture capitalists. But with last week's staggering $3.5 billion investment in Uber from Saudi Arabia's Public Investment Fund, the tech world has been put on notice - sovereign wealth ...

Australia's coal city backs green future

Australia's city of Newcastle, which claims to be the world's biggest coal export port, said Wednesday it will pull money out of fossil fuel industries and invest in more sustainable enterprises.

Symantec to sell Veritas business for $8B in cash

Symantec will sell its Veritas information management business for $8 billion in cash with plans to funnel proceeds back into its main line of work, cybersecurity, and to buy back shares.

Norway wants to turn its huge oil fund greener

Oil-rich Norway moved Friday to target its huge sovereign wealth fund's investments more closely at boosting green businesses, but environmentalists said the proposals were not strong enough.

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