Norway’s oil fund could dump shares in oil, coal

April 4, 2014 • Business

Norwegian Minister of Finance Siv Jensen presents the parliamentary report of the Norwegian Pension fund (Oil fund) in Oslo, Friday, April 4, 2014. Norway is considering excluding foreign oil and coal companies from its $860 billion sovereign wealth fund, which manages profits from Norway’s own fossil fuel industry. In a shakeup of the fund that sharpens its environmental focus, Finance Minister Siv Jensen said she had appointed a panel to assess the question on the grounds of possible damage to the climate. It will report back to the government in November. The move highlights Norway’s ambition to be a climate leader globally, Login to read more

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