Danish pension group P+ is blacklisting all equities and fixed-income investments in businesses that extract coal. Before the turn of the year, assets worth roughly EUR 34 million will be divested, the firm informs.
BY JEPPE MAAGAARD HOLM, FINANSWATCH
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The Swedish power company will not build any more new onshore wind farms in Denmark and now intends to divest its current development projects totaling several hundred megawatts. The utility insists that its move is not due to many years of domestic obstacles.
Despite a reduced deficit in the fourth quarter, rig operator Borr Drilling exits 2020 with another deficit of more than USD 300m. The company, which recently secured approval for a rescue plan, still projects a stronger market.