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Ecology restoration tech firm raises $15.7m

Hydrogen-electric aircraft company raises $116m

NBIM says investment exclusions could cost it NOK3bn a year

The manager of the giant Norwegian sovereign wealth fund said its portfolio underperformed by 1.3 percentage points due to exclusions of companies based on environmental, social and governance (ESG) concerns since 2006, which could cost it NOK2.8 billion ($300 million) in 'lost' returns if replicated in the future.

EF BRIEFS: Duke Energy, Statkraft, NEP

Norway's sovereign wealth fund has divested its holdings in US utility Duke Energy, pointing to the company's risk of "severe environmental damage".