All posts by Margrethe Harboe

Norway to raise 2025 wealth fund spending to $52 bln

OSLO, May 15 (Reuters) – Norway’s Labour Party government plans to spend more than originally planned from the country’s sovereign wealth fund in 2025 to pay for increased support to Ukraine and other priorities, it said in a proposal to parliament on Thursday.


Cash spending from the $1.8 trillion sovereign wealth fund is now expected to reach 542.4 billion Norwegian crowns ($52.19 billion) this year, up from 460.1 billion originally planned last October, the government said in a revised fiscal budget.

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AmCham Mentorship Program Kickoff 2025-2026: Self-Awareness & International Top-level Leadership

AmCham Mentorship Program Kickoff 2025-2026: Self-Awareness & International Top-level Leadership

The 2025–2026 and tenth anniversary edition of the AmCham Mentorship Program kicked off at BI Norwegian Business School’s Oslo campus, bringing together 78 participants from 35 Patron member companies across 16 industries – underscoring the program’s dynamic, cross-industry design. The opening session set the tone for the months ahead, focusing on self-awareness as a cornerstone for effective leadership, and how to create real value through target-assessment and authentic communication.

Welcoming guests was BI’s Manager of Societal Impact & External Research Relations and AmCham Board Member Birte Horn-Hanssen. BI Norwegian Business School, celebrating its 83rd anniversary this year, is the largest business school in Northern Europe, with 21,000 students and 1,000 employees.

Kopperud Profile

Karoline H. Kopperud

Norheim Profile

Arne Norheim

Photos: BI Norwegian Business School

Karoline H. Kopperud, Associate Professor of Organizational Psychology at BI Norwegian Business School, ardently emphasized how self-awareness, grounded in reflection, feedback and humility, is a prerequisite for successful leadership. She introduced the idea of positive self- awareness as a tool to build energy and to gain resilience.

“Self-awareness is essential for leadership effectiveness.”

Drawing from his extensive leadership background at large international companies, Arne Norheim, CEO at Azets, presented real-life business dilemmas to illustrate how leaders can reflect and adapt to deliver solid results. He encouraged participants to assess or reassess the “goal” by focusing on what truly makes a difference, to communicate clearly, and to lead with honesty, particularly when facing challenges.

“I love problems; I think opportunities and solutions immediately.”

2025-2026 Pairings Announced

The session concluded with the announcement of mentor-mentee pairings and the first opportunity for participants to connect one-on-one, laying the foundation for cross-industry learning and mutual growth.

Participating Companies:

About the AmCham Mentorship Program

With its unique cross-industry orientation, AmCham’s Mentorship Program offers a dynamic, internationally minded arena for leadership development.

The program pairs emerging corporate talent with seasoned executives from AmCham Patron-level member companies. The result: a collaborative arena that fosters improvement and reflection, prepares young leaders for the challenges of the international marketplace, and forges bonds between AmCham’s transatlantic member companies.

The Mentorship program is available to Patron-level members of AmCham Norway. For further information and interest in the program, please contact Margrethe Harboe at Margrethe.Harboe@amcham.no

Past Mentorship Program Events

Nå starter arbeidet med nasjonal strategi for kvanteteknologi

Norge skal få en nasjonal strategi for kvanteteknologi, slik Danmark og Finland har. Nå gir regjeringen Forskningsrådet, Innovasjon Norge og Nasjonal sikkerhetsmyndighet i oppdrag å lage kunnskapsgrunnlaget for strategien.

– Kvanteteknologi gir oss store muligheter og store oppgaver. Det kan være kvantekryptografi for sikkerhet, nye medisinske oppdagelser og sensorteknologi for navigasjon. Nå starter vi arbeidet med en nasjonal kvantestrategi, sier forsknings- og høyere utdanningsminister Sigrun Aasland (Ap).

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Equinor considers killing Empire Wind project following White House visit

(Bloomberg) – Equinor ASA got no new signals that the Trump administration would reconsider the halt imposed on the Empire Wind project when its CEO met with a top White House official last week. Now the company must decide whether it will kill the project. “If no progress is made within days, Equinor will be forced to terminate the project,” Molly Morris, president of Equinor Renewables Americas, said Monday. “We are still fighting every day to find a resolution.”

That came after there was no indication of a change in stance from U.S. officials when the Norwegian oil and gas company’s Chief Executive Officer Anders Opedal and other top officials met with U.S. National Economic Council Director Kevin Hassett on May 6, spokesperson Magnus Eidsvold said Monday.

A termination would cause the company to lose much of its $2.7 billion investment on the project. “It would be a direct impact to Equinor and our balance sheet,” Morris said.

The $5 billion project was halted in April when Interior Secretary Doug Burgum said the Biden administration had rushed its approvals. Empire 1 was fully-permitted and slated to start commercial operation in 2027. Its 54 turbines were designed to power 500,000 homes.

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Noreg presenterte nytt klimamål under internasjonalt klimaministermøte

Klima- og miljøminister Andreas Bjelland Eriksen deltek på eit ministermøte for klimaet i København. Der har han presentert Noregs nye klimamål. Under møtet vil Noreg òg leie diskusjonar om rettferdig omstilling i klimapolitikken.

– Fram mot klimatoppmøtet i Brasil treng vi å sjå sterke signal om nye klimamål som anerkjenner innsatsen til partane og stadfestar forpliktinga vår til å halde 1,5-gradersmålet innan rekkevidde. Vi må òg anerkjenne at vi må gjere meir og gjere det raskare om vi skal komme i mål. For meg er det viktig å vise verda at Noreg kjem til å levere eit ambisiøst klimamål for 2035. Skal vi sikre folk ei trygg framtid, må klimapolitikken også prioriterast i utrygge tider. Klimatoppmøtet i Belém må sende sterke politiske signal og levere praktiske resultat i alle forhandlingsspor slik at internasjonalt samarbeid støttar opp om høge ambisjonar og handling frå alle land, seier klima- og miljøminister Andreas Bjelland Eriksen.

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Forsvarsministeren inviterer til oppstartkonferansen for «Industriforum for Flåteplanen 2024»

– Regjeringen etablerer et nytt industriforum for å forberede norsk maritim industri og forsvarsindustrien på det store forsvarsløftet som skjer når vi kjøper blant annet fregatter, standardiserte fartøy og ubåter. Jeg vil invitere til en oppstartkonferanse for industriforumet 27. mai på Akershus Festning. Nå er det bare å melde seg på om du tror din bedrift har en teknologi eller løsning som er moden og klar for å finne sin plass i fremtidens fartøyer til Sjøforsvaret, sier forsvarsminister Tore O. Sandvik.

Det finnes betydelig kompetanse i hele Norge innen bygging og utrustning av avanserte skip. Norsk maritim industri har designet og utrustet flere fartøy for Sjøforsvaret de siste årene. Dersom norsk maritim industri og norsk forsvarsindustri klarer å finne sammen for å levere gode og konkurransedyktige fartøy til Forsvaret, vil dette bidra til økt sysselsetting og industriutvikling, samt muligheter for økt eksport.

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Government: Launch of Norway’s first national security strategy

Today, Prime Minister Jonas Gahr Støre presented Norway’s first national security strategy. The new strategy sets the direction and priorities for the collective national effort to enhance Norway’s security.

‘The world has become more dangerous and more unpredictable. A broad, overarching national security strategy is needed to respond to this situation. We must pull together to do what it takes to keep Norway secure and safe,’ said Prime Minister Jonas Gahr Støre.

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AmCham Defense Forum: Perspectives on US and Norwegian Naval Capabilities and Requirements

AmCham Defense Forum: Perspectives on US and Norwegian Naval Capabilities and Requirements

 

In collaboration with the US Commercial Service, AmCham’s second Defense Forum of the year was hosted Vila Otium, where participants were welcomed by Chargé d’Affaires a.i. of the U.S. Embassy Oslo, Robert S. Needham. The session featured two distinguished speakers: Commodore Kyrre Haugen, Commander of the Norwegian Fleet, and Admiral James G. Foggo, U.S. Navy (ret.), Dean of the Center for Maritime Strategy, Navy League of the United States.

 

Commodore Haugen delivered an insightful presentation on the current and future state of Norway’s naval forces, highlighting their increasing importance in transatlantic security. Although relatively small in size, the Norwegian Navy is agile, highly capable, and plays a crucial role in NATO operations, maritime surveillance, and strategic readiness. Its contributions have become even more significant with the recent accession of Sweden and Finland into NATO, strengthening regional defense and cooperation in the High North. Despite a steady decline in defense budgets since the 1960s and historically uneven investments, the path forward will require sustained long-term planning and strategic investment, particularly in standardized, modular military systems that can adapt to evolving security challenges.

Admiral James G. Foggo delivered a compelling talk entitled “The Importance of Friends in the High North,” drawing on decades of personal and professional experience. He provided a broad and insightful overview of transatlantic and Arctic developments, emphasizing the enduring importance of strong alliances. Admiral Foggo highlighted not only the vital role of NATO partners in securing the region but also the strength and depth of the longstanding US-Norway bilateral relationship. He also underscored the growing emphasis within the United States on maritime strategy and the urgent need to revitalize the nation’s shipbuilding industrial base, which he argued would be an essential pillar of national defense, allied interoperability, and long-term deterrence.

About the AmCham Defense Forum

In partnership with the US Commercial Service, the Defense Forum supports US defense industry partners in Norway. Key Patron-level and defense industry representatives gather quarterly to forge enhanced public-private sector collaboration – sharing insights, developments, and trends to secure long-term transatlantic bonds.

 Please contact amcham@amcham.no for interest in future meetings.

 

AmCham Defense Forum: Perspectives on US and Norwegian Naval Capabilities and Requirements

In collaboration with the US Commercial Service, AmCham’s second Defense Forum of the year was hosted Vila Otium, where participants were welcomed by Chargé d’Affaires a.i. of the U.S. Embassy Oslo, Robert S. Needham. The session featured distinguished speakers Commodore Kyrre Haugen, Commander of the Norwegian Fleet, and Admiral James G. Foggo, U.S. Navy (ret.), Dean of the Center for Maritime Strategy, Navy League of the United States.

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Pentagon: Norge skal kjøpe missiler fra USA

Ifølge en pressemelding fra Pentagon har det amerikanske utenriksdepartement godkjent å selge missilene til Norge for 379 millioner amerikanske dollar.

Også det norske forsvarsdepartementet (FD) bekrefter nyheten på Linkedin.

– Norge har et tett samarbeid med USA og har kjøpt forsvarssystemer derfra i en årrekke. Når det gjelder fremtidige kjøp, vil vi annonsere det når kjøpet er gjennomført. USAs godkjennelse understreker vårt tette forsvarssamarbeid, sier forsvarsminister Tore O. Sandvik på FDs Linkedin-profil.

Les hele artikkelen her.

White House dismisses Chamber push for small businesses tariff relief

WASHINGTON, May 1 (Reuters) – The White House on Thursday rebuffed an effort to give small U.S. business owners any immediate relief from tariffs, saying those companies would get economic relief from tax cuts that Congress is seeking to extend.


The U.S. Chamber of Commerce, in a letter to U.S. President Donald Trump’s administration, asked for small companies to be excluded from tariffs if they can show it would harm U.S. workers and for products that cannot be made in the United States or are not readily available.

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