Norway’s Sovereign-Wealth Fund Moves Toward Divesting From Oil, Gas Stocks

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The oil-rich country faces a difficult question: Is its economy too tethered to the price of crude?

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.

 

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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

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Sverige Senaste nytt, Sverige Rubriker

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