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Pension billions vanish in green energy crashes

Another fight for survival in the energy sector means another loss for ATP. The hydrogen bubble has burst, and the pension fund has been hit hard

In recent months, ATP has incurred costly losses on investments in green energy.

First, it was a 2.3 billion kroner investment in the Swedish battery manufacturer Northvolt, which was nearly lost – Northvolt filed for bankruptcy on Wednesday morning. Then came a large three-digit million investment in the bankrupt Better Energy, which "is beyond saving."

BREAKING
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