The investment firm, a unit of insurer Storebrand ASA with around $91 billion under management, said Monday it sold off more than $47 million in 21 companies and excluded another six from future investments. Storebrand’s decision comes as more investors in Europe and abroad have called for polluting companies to align their lobbying and businesses with the Paris Agreement on climate change, with some threatening to divest. Under its new policy, Storebrand said it would no longer invest in companies that earn more than 5% of revenue from coal or oil sands or that lobby against the Paris Agreement, among other criteria. The companies Storebrand exited from are mostly in oil and gas and the broader energy sector. Jan Erik Saugestad, chief executive of Storebrand AM, said in an interview that the companies the firm divested itself of aren’t on track to transition to a lower-carbon economy and are […]