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Bloomberg: Oil-Rich Norway to Stress Test Its Finances Amid Climate Risk
Category: Business News
Norway, western Europe’s biggest oil and gas producer, plans to stress-test its public finances with different price scenarios to better understand risks related to climate change. The government’s decision follows recommendations from an expert report last year on climate risk, and comes amid an intensifying public debate in the Nordic nation about the future of […]
Source: Bloomberg
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MAREX: Nordic Countries Call for Ocean Plastic Treaty
Category: Business News
Nordic governments have become the first in the world to formally call for a global treaty to tackle ocean plastic. The call was made at a gathering of the environment ministers of Denmark, Finland, Iceland, Norway and Sweden at the Nordic Council in Reykjavik, Iceland. In the declaration, the ministers for the environment are pushing […]
Source: MAREX
Published: April 10, 2019
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Regjeringen: Tar sikte på å innføre dobbelt statsborgerskap fra januar 2020
Category: Business News
I fjor vedtok Stortinget regjeringens forslag om å åpne for dobbelt statsborgerskap. Kunnskapsdepartementet tar sikte på at endringene i statsborgerloven trer i kraft fra 1. januar 2020. Endringen gjør at nordmenn kan beholde det norske statsborgerskapet sitt, selv om de blir statsborgere i et annet land. Det samme vil gjelde utenlandske statsborgere som fyller vilkårene […]
Source: Regjeringen.no
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Bloomberg: Oil Divestment List for Norway’s $1 Trillion Fund Isn’t Final
Category: Business News
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 […]
Source: Bloomberg
Published: March 1, 2019
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New York Times: Norway Moves to Sell Some Oil and Gas Shares From Wealth Fund
Category: Business News
LONDON — The Norwegian government has recommended that the country’s $1 trillion wealth fund sell its holdings in a group of companies that focus on finding and producing oil and gas. The decision, the result of a two-year review of the giant fund’s investments in fossil fuels, is a compromise that stops short of divestment […]
Source: New York Times
Published: March 11, 2019
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