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Norway Wealth Fund Should Invest in Fewer Companies, Government Says
Category: Business News
Norway’s $1.3 trillion wealth fund, the world’s largest, should reduce the size of its global company reference index by between 25% and 30% to better follow up companies, primarily by removing small-cap stocks, the finance ministry proposed on Friday. The move reflects the growing awareness among international investors about risk in the environmental, social and […]
Source: Reuters
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Budget Airline Norse Atlantic Up 5% in Oslo Stock Market Debut
Category: Airline / Travel
Norway’s Norse Atlantic NORSE-ME.OL, a recently formed long-haul budget airline that plans to launch operations this year, made its Oslo stock market debut on Monday, trading up 5% in early trade. Norse traded at 21 Norwegian crowns ($2.46) per share at 0731 GMT, up from a price of 20 crowns in a private placement late last […]
Source: Reuters
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Norway’s Equinor to Stay in U.S. Lobby Group Following Climate Policy Shift
Category: Business News
Norway’s Equinor ASA has decided to stay in the American Petroleum Institute after the major U.S. oil lobby group changed its stance on climate policy. However, Equinor has quit the Australian Petroleum Production and Exploration Association as the firm has wound down operations in Australia after giving up an exploration drilling plan in the Great […]
Source: Reuters
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Why Scandinavia is the Perfect Proving Ground for Electric Planes
Category: Airline / Travel
Small airports with short runways, an established short-haul network and experience with electrification of transport makes Scandinavia and the Nordic countries an obvious place for electric aircraft to thrive. Despite the year-long crisis for the aviation industry caused by the coronavirus pandemic, airlines in the Nordic region have reaffirmed long-term commitments to exploring electric aviation. […]
Source: Forbes
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Norway Readies First Offshore Wind Tenders to Spur Oil Industry Transition
Category: Business News
Norway will press ahead with North Sea wind power this year, awarding its first development licences as it spurs the transition of its oil and gas industry and despite its already plentiful renewables supply. The government has earmarked two areas in the North Sea for up to 4.5 gigawatts of floating and bottom-fixed wind turbine […]
Source: Nasdaq
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