Norway sovereign wealth fund moves away from fossil fuels, dumps oil stocks amid $10 billion loss
(WorldNews Norway)

Norway`s wealth fund, the world`s biggest, started turning its back on oil and gas more than three years ago. The intention back then was to diversify away from an industry to which Norway`s economy was heavily exposed, with a view to addressing a key financial risk. PUBLISHED ON JAN 29, 2021 02:54 PM IST Norway`s sovereign wealth fund has sold its entire portfolio of companies focused on oil exploration and production, marking a major step away from fossil fuels for the investing giant. The portfolio, worth about $6 billion in 2019, was fully exited...