RWE during the first quarter of 2020 has increased its earnings from wind power, but the German utility’s future chief executive at the same time shrugged off a decision by Norway’s $1 trillion wealth fund to drop the company from its portfolio due to its still massive coal assets.

Norway’s Government Pension Fund Global (GPFG) “may have taken a very doubtful decision that won’t have consequences for the company,” chief financial officer Markus Krebber said during a press call on company earnings.