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Oil Divestment List for Norway's $1 Trillion Fund Isn't Final

  • List includes downstream firms, while exit targets upstream
  • Classification system used for exclusion due to change in July
Updated on

Figuring out exactly which oil companies Norway is targeting for divestment wasn’t easy last week when the government made its historic announcement. It turns out no one knows precisely yet.

After revealing it would allow its $1 trillion wealth fund to sell out of $7.5 billion in upstream oil and gas companies, the government disseminated two separate lists of potential targets: one with 134 companies and one with 150 companies.