Saudi Arabia plans to sell state oil assets to create $2tn wealth fund

clock • 4 min read

Campaigners hail a symbolic shift away from fossil fuels, but others see move as more style than substance

Saudi Arabia is planning to establish a $2tn (£1.4tn) sovereign wealth fund by selling off its state petroleum assets in preparation for a world beyond oil. Greenpeace said it was a pivotal moment akin...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Investment

People's Partnership more than halves carbon footprint of main investment fund

People's Partnership more than halves carbon footprint of main investment fund

Significant emissions cuts delivered as assets covered by People's Partnership increased by £8bn, update reveals

Martin Richmond
clock 01 November 2024 • 2 min read
Survey: Business leaders fear net zero policy lag risks scuppering investment

Survey: Business leaders fear net zero policy lag risks scuppering investment

Businesses held back from ramping up green spending by policy failures worldwide, World Business Council for Sustainable Development (WBCSD) survey suggests

Michael Holder
clock 31 October 2024 • 5 min read
Net Zero Asset Owners Alliance confirms sharp fall in financed emissions

Net Zero Asset Owners Alliance confirms sharp fall in financed emissions

Influential investor group says over 80 members now have intermediate decarbonisation targets in place

James Murray
clock 30 October 2024 • 3 min read