Responsible Investment News

Oil and gas giants shed billions after Norwegian fund's divestment

In Australia, Woodside, Santos, Beach Energy and Caltex bore the brunt of the decision, at one point collectively falling more than $2.5 billion in value on Monday.

Other Australian companies to feel the heat included Australis Oil & Gas, Karoon Energy, Liquefied Natural Gas, Oil Search and Horizon Oil.

Mid-tier players Cooper Energy and Senex Energy were actually up, 1 per cent and 4.6 per cent respectively, bucking the trend.here.

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