Monday, 11 December 2017

Norway’s dilemma over an oil fund without oil

Norway’s dilemma over an oil fund without oil:

"An oil fund without oil. The divestment of all petroleum companies would be a momentous change for Norway’s huge $1tn investment fund, itself fuelled by the country’s oil and gas revenues. But the recommendation last month from the world’s largest sovereign wealth fund that it sell its oil and gas stocks is forcing top Norwegian policymakers to grapple with the question of what the fund and the country wants to stand for. Officials say there is a good chance that the proposal could be delayed, even shelved. But they also say that there is a discussion coming that policymakers cannot avoid."



'via Blog this'

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