Norway’s $1 trillion Government Pension Fund Global, the country’s sovereign wealth
fund fed by oil revenue, intends to divest certain holdings in E&P companies, reducing its
overall $37 billion in oil and gas shares by about 20%. The government’s report,
which is the product of a yearlong study, presented the move
as a way to derisk the fund from crude prices.
The shift fell far short of environmentalist demands that the fund completely exit energy stocks.
The fund, the richest......
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