MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

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

TedTed
in The Bullpen
FYI: 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.
Regards,
Ted
https://www.fa-mag.com/news/norway--1-trillion-fund-s-plan-to-dump-big-oil-meets-resistance-40493.html?print
Sign In or Register to comment.