In May 2015, one of the world’s biggest coal investors, Norway’s $900 billion sovereign wealth fund, agreed unanimously to ban coal investments.

You can read more about Norway's historic decision here.

The New Economics Foundation May 2015 newsletter sums it up:

"... the momentum over divestment lies with Lord Stern and not with Shell. The divestment campaign celebrated as insurance company AXA pulled £350 million out of coal funds due to climate change risk, as well as coal divestment from Norway’s massive £600 billion oil fund. At the Business & Climate Summit in Paris last week, business leaders lent their support to climate action demanding “bold, clear and long-term climate policies to keep within the +2°C threshold”, with similar statements coming from theWorld Energy Council. Even other oil companies have specifically been asking for a carbon tax"