The Norwegian finance ministry proposed that the fund remove energy-exploration and -production companies from its portfolio, following a 2017 recommendation made by the central bank, which uses the fund to invest the proceeds of the country’s oil industry.
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:
Such a dire predicament... they already have a trillion dollars or 200,000 per person but they collect crazy high taxes just for fun!
was there ever a doubt?
Yes. Norway should buy a Premier League club, and if feasible a League 1 club as well.
Big mistake because oil is about to rebound in the 2nd half of the year
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Norway sovereign-wealth fund aims to dump a swath of oil and gas stocksNorway’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.
Source: MarketWatch - 🏆 3. / 97 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 »
Oil helped Norway build up a $1 trillion fund. Now it's dumping oil stocksCNN News, delivered. Select from our newsletters below and enter your email to subscribe. Just like every ex. MBuhari Ask your people to read this and explain to you what it means. Lol
Source: CNN - 🏆 4. / 95 Read more »
Norway sovereign-wealth fund aims to dump a swath of oil and gas stocksNorway’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.
Source: MarketWatch - 🏆 3. / 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 »