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New York Times: Norway Moves to Sell Some Oil and Gas Shares From Wealth Fund


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New York Times: Norway Moves to Sell Some Oil and Gas Shares From Wealth Fund

Business

Category: Business and Investment 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 in major energy companies like Exxon Mobil and Royal Dutch Shell. But the fund’s activities are closely watched, and the move seems likely to increase concern among investors about the risks of holding such stocks.

Read entire article HERE.

Source: New York Times

Published: March 11, 2019