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The World’s Largest Allocator Decided To Abandon Oil. Then The Problems Started

TedTed
in The Bullpen
FYI: (This is a follow-up article.)

Norway had reached nirvana, or it was having an existential crisis — or so it seemed in November 2017, when the country made an unprecedented announcement that sent shares in global oil companies tumbling.

The country’s $1 trillion — yes, trillion — sovereign wealth fund, the Government Pension Fund Global, said it would abandon oil and gas companies, the equivalent of $35 billion in investments, to reduce its exposure to the very asset from which it derives its great wealth.
Regards,
Ted
https://www.institutionalinvestor.com/article/b1bjclh6k4025c/The-World-s-Largest-Allocator-Decided-to-Abandon-Oil-Then-the-Problems-Started
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