Decision Day on $1 Trillion Fund's Exit From Oil Moves Closer
- Expert committee to release its recommendation on Aug. 24
- Norway wealth fund holds $41 billion in oil and gas stocks
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Norway is moving closer to deciding whether its $1 trillion wealth fund will dump all its oil and gas stocks.
On Friday, the government will get a report from an expert committee mapping out the case for divesting the fund’s more than $40 billion in petroleum holdings. The administration will then make a recommendation to parliament later this year, based on the expert committee’s report.