Norway’s Government Pension Fund Global (GPFG), the world’s richest sovereign wealth fund, divested from over 50 coal companies in 2014, new analysis has revealed.
Net present value can lead to substantial valuation errors, particularly for long-term investments which are typical for large infrastructure projects.
We don't have that level of detail on Russia. Russia is one of the largest producers in the world. Any deviation from the broad assumption of production not dropping this year in Russia could be very meaningful.