News Formal

Norway sovereign-wealth fund aims to dump a swath of oil and gas stocks

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 97%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Norway’s Finance Ministry on Friday recommended that the country’s $1 trillion sovereign-wealth fund drop shares of energy companies that engage in exploration and production of oil and gas from its portfolio, a move that could potentially weigh on the energy sector.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Norway fund to sell exploration, production firms, keep integrated energy stocksNorway's trillion-dollar sovereign wealth fund, the world's biggest, w...
Source: Reuters - 🏆 2. / 97 Read more »

World's largest sovereign wealth fund to scrap oil and gas stocksNorway's trillion-dollar sovereign wealth fund plans to dump oil and gas companies from its benchmark index, the finance ministry announced on Friday. Not having all eggs in the same basket is usually regarded as sound risk management- the riddle is why it has not been implemented long ago. A country that actually collectively believes in climate change, aren’t bought and paid for by oil and gas companies? That sounds really nice.
Source: CNBC - 🏆 12. / 72 Read more »

Norway fund to sell exploration, production firms, keep integrated energy stocksNorway's trillion-dollar sovereign wealth fund, the world's biggest, w...
Source: Reuters - 🏆 2. / 97 Read more »