Drilling rigs and ships anchored in Skipavika, Norway April 1, 2018. Picture taken April 1, 2018. REUTERS/Gwladys Fouche
As part of Norway’s efforts to shift its “rainy day” fund away from oil, the country’s parliament on June 12 adopted a plan to drop all dedicated oil and gas explorers and producers, as defined by stock market indices provider FTSE Russell, from the fund’s benchmark index. The finance ministry wants the central bank, which manages the fund, to present a time schedule for the phase out by Sept. 13 to the finance ministry, which will then establish its own plan.Norway has said the decision is to reduce the exposure of the country’s wealth to the risk of a permanent drop in oil prices, but environmental campaigners have seized on it as an example of an investor turning away from the oil industry.
No mas petroleo garciabanchs
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That's great Norway always looking out for their citizens.