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World’s Biggest Wealth Fund Steps Up ESG Focus in Real Estate

Category: Business News

(Bloomberg) — The sovereign wealth fund of Norway says it’s working on a strategy update to ensure its $30 billion property portfolio lives up to the carbon neutrality goals mapped out in the Paris Agreement. “It’s time to walk the talk more,” said Mie Holstad, who oversees real assets at Norges Bank Investment Management. “What […]

Source: Bloomberg


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DNV’s Energy Transition Outlook 2021 Offers an Independent View of Oil and Gas Through 2050

Category: Business News

This week DNV made a live presentation of their Energy Transition Outlook 2021. This offered a forecast of things to come from an independent and reliable company. Oil and gas readers can get a better feel for the global role of government policy, the rate of changeover from fossil power plants to renewables, future oil […]

Source: Forbes


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Norway’s Unemployment Surprise Cements September Rate Hike Case

Category: Business News

Norway’s unemployment fell more than expected, cementing the case for Norges Bank to begin post-crisis interest rate hikes later this month. The seasonally-adjusted registered jobless rate declined to 2.7% in August, compared with the median estimate of 2.9% in a Bloomberg survey of economists that was in line with the central bank’s expectation published in June. Norges […]

Source: Bloomberg


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Norway Set for Rate Hike as Economy Accelerates, Statistics Agency Says

Category: Business News

OSLO, Sept 3 (Reuters) – The Norwegian economy is set to grow rapidly in the next several years as it recovers from the impact of the pandemic, setting the stage for an imminent central bank rate hike, Statistics Norway (SSB) predicted on Friday. “The reopening of society is well underway, and the upswing in the […]

Source: Reuters


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Norwegian Government Proposes Overhaul of Petroleum Tax System

Category: Business News

OSLO, Aug 31 (Reuters) – Norway’s government has proposed overhauling taxation of its oil and gas firmsby scrapping some incentives, it said in a surprise announcement on Tuesday, further heating up a pre-election debate over the future of the country’s top industry. If passed by parliament, the proposals would remove deductions that some economists say […]

Source: Reuters


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