NEWS

Reuters: Norway wealth fund, Prologis in $2 bln real estate acquisition

Category: Business News

OSLO, Nov 25 (Reuters) – Norway’s sovereign wealth fund and property investment group Prologis Inc have agreed to jointly buy a $1.99 billion logistics real estate portfolio, Norges Bank Investment Management (NBIM) said in a statement. “The portfolio consists of 127 properties located across multiple U.S. markets, including Southern California, San Francisco Bay Area, Seattle […]

Source: Reuters

Bloomberg: Norway’s $1.1 Trillion Wealth Fund to Deepen Climate Risk Work

Category: Accounting / Financial

Norway’s $1.1 trillion sovereign wealth fund plans to expand its work on assessing climate risk, from pushing for better company reporting to expanding flood analysis for its real estate assets. The Norwegian fund, the biggest of its kind, already has a variety of instruments to measure how climate change may affect demand, spur regulation or […]

Source: Bloomberg

Bloomberg: U.S. Posts First Month in 70 Years as a Net Petroleum Exporter

Category: Business News

The U.S. solidified its status as an energy producer by posting the first full month as a net exporter of crude and petroleum products since government records began in 1949. The nation exported 89,000 barrels a day more than it imported in September, according to data from the Energy Information Administration Friday. While the U.S. has previously […]

Source: Bloomberg

MAREX: Norwegian Spill Response Firms Take Aim at Ocean Plastic

Category: Business News

A consortium of Norwegian researchers and environmental response companies plans to use oil spill response technology to clean up ocean plastic and other marine waste. The group, which calls itself “Clean Oceans,” has been designated an “Arena cluster project” by the Norwegian government’s R&D agency, Innovation Norway.  The consortium will apply Norwegian oil spill prevention […]

Source: MAREX

Published: August 11, 2019

Undercurrent News: Norway’s Leroy also part of US antitrust investigation

Category: Seafood

Leroy Seafood Group on Friday announced that it also has now been informed by the US Department of Justice (DOJ) that it is part of an investigation into price fixing on salmon, and has received a subpoena for certain information… Read entire article HERE.

Source: Undercurrent News