Skip to content
Subscriber Only

Norway $1 Trillion Fund's Plan to Dump Big Oil Meets Resistance

Video player cover image
Norway's $1 Trillion Wealth Fund Returns 1.8% in 2Q
Updated on

Norway’s $1 trillion sovereign wealth fund is meeting resistance on its plan to dump more than $40 billion in oil and gas stocks.

A government-appointed commission on Friday recommended against divesting petroleum stocks. Such a move will have little effect on protecting Norway against falling crude prices and alter what has so far been a successful investment philosophy, it said.