Norway oil fund divestment

The GPFG was formerly known as the Oil Fund, and that is, according to the fund's own literature, the source of over 95% of that fund's inputs (excluding capital gains.) Also, Norway will continue to hold its 67% stake in Equinor, formerly known as Statoil.

The GPFG was formerly known as the Oil Fund, and that is, according to the fund's own literature, the source of over 95% of that fund's inputs (excluding capital gains.) Also, Norway will continue to hold its 67% stake in Equinor, formerly known as Statoil. Norway is starting the world's biggest divestment in oil and gas. Norway has said its $1 trillion sovereign wealth fund, the world’s biggest, should sell stocks in oil and gas exploration companies, in a move that is the biggest divestment from hydrocarbons yet. Norway’s parliament voted plans into law on Wednesday for the fund to dump investments in eight coal companies and an estimated 150 oil producers. The divestment plan means the fund will drop Norway’s Wealth Fund Considers Divesting From Oil Shares An oil drilling platform operated by Statoil ASA in the North Sea near Bergen, Norway. The country is Europe’s dominant producer of oil. The Government Pension Fund Global (Norwegian: Statens pensjonsfond Utland, SPU) is a fund into which the surplus wealth produced by Norwegian petroleum income is deposited. Its name changed in January 2006 from the Petroleum Fund of Norway. The fund is commonly referred to as the Oil Fund (Norwegian: Oljefondet). The aim of the oil fund is to ensure responsible and long-term management of revenue from Norway’s oil and gas resources in the North Sea so that this wealth benefits both current and future generations. The fund’s formal name is the Government Pension Fund Global. The centre-right government in Oslo is not obliged to follow the report but is set to give its own answer in the coming months after the oil fund itself recommended selling out to avoid Norway

2 Oct 2019 OSLO (Reuters) – Norway's $1.1 trillion (894.7 billion pounds) sovereign fund will divest from companies that are solely dedicated to oil and 

1 Oct 2019 OSLO (Reuters) - Norway's $1.1 trillion sovereign fund will divest companies solely dedicated to oil and gas exploration and production in a bid  8 Mar 2019 The world's largest sovereign wealth fund, which manages $1tn (£770bn) of Norway's assets, is to dump investments in firms that explore for oil  12 Jun 2019 Norway's Government Pension Fund Global gets go ahead to divest Pension Fund Global, which is built on Norway's legacy oil earnings, will  11 Jun 2019 Norway's $1 Trillion Fund Wins Go-Ahead for Oil Stock Divestment. By. Mikael Holter. and. Sveinung Sleire. June 11, 2019, 4:00 PM PDT  1 Oct 2019 Norway's massive wealth fund got the go-ahead to sell oil and gas stocks to dump all its petroleum investments to a more moderate divestment.

4 Jan 2019 A report suggests the world's largest sovereign wealth fund would do well to divest oil and gas investments and embrace renewable energy.

7 May 2019 A law set to pass in June will see the Norwegian Oil Fund divest more from coal, and invest over $20 billion in renewable energy. 8 Mar 2019 The world's largest sovereign wealth fund has $37bn invested in oil firms such as BP and Shell. 8 Mar 2019 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  7 Apr 2019 Norway's $1tn oil fund, the world's largest sovereign wealth fund, is to plunge The fund divested $6.5bn of coal-related investments in 2015.

8 Mar 2019 Oil Price Decline,' Norwegian Fund's Fossil Fuel Divestment Could recommendation for the Norwegian Sovereign Wealth Fund to divest all 

1 Jul 2019 Norway's Finance Ministry has asked the government's $1 trillion fund—the world's biggest sovereign wealth fund—to recommend a schedule  13 Jun 2019 Around $7.5bn will be divested from 150 oil and gas firms with a further $7.5bn drawn out of coal companies following yesterday's vote in the  12 Jun 2019 The world's largest sovereign wealth fund will divest from a slew of coal companies and oil explorers and producers, after Norway's parliament  7 May 2019 A law set to pass in June will see the Norwegian Oil Fund divest more from coal, and invest over $20 billion in renewable energy. 8 Mar 2019 The world's largest sovereign wealth fund has $37bn invested in oil firms such as BP and Shell. 8 Mar 2019 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  7 Apr 2019 Norway's $1tn oil fund, the world's largest sovereign wealth fund, is to plunge The fund divested $6.5bn of coal-related investments in 2015.

19 Nov 2017 The global campaign to divest from fossil fuels may have just picked up its most significant ally to date – the largest sovereign wealth fund in the 

22 Oct 2019 After all, Norway's $1 trillion government pension fund – the largest in the world – is also known as the “oil fund,” since it was built on oil revenue. 8 Mar 2019 Huge huge huge win–Norwegian govt (an oil state) is recommending that the world's largest sovereign wealth fund Fully Divest From All Fossil 

Norway took a partial step in divesting oil and gas stocks in its massive $1 trillion wealth fund, approving the sale of smaller exploration companies while sparing the biggest producers such as [+] Divestment State of the Movement event on Monday, Sept. 10, 2018, in San Francisco. Last week Norway's sovereign wealth fund became the latest to announce that it would divest certain oil and The GPFG was formerly known as the Oil Fund, and that is, according to the fund's own literature, the source of over 95% of that fund's inputs (excluding capital gains.) Also, Norway will continue to hold its 67% stake in Equinor, formerly known as Statoil. Norway is starting the world's biggest divestment in oil and gas. Norway has said its $1 trillion sovereign wealth fund, the world’s biggest, should sell stocks in oil and gas exploration companies, in a move that is the biggest divestment from hydrocarbons yet. Norway’s parliament voted plans into law on Wednesday for the fund to dump investments in eight coal companies and an estimated 150 oil producers. The divestment plan means the fund will drop Norway’s Wealth Fund Considers Divesting From Oil Shares An oil drilling platform operated by Statoil ASA in the North Sea near Bergen, Norway. The country is Europe’s dominant producer of oil. The Government Pension Fund Global (Norwegian: Statens pensjonsfond Utland, SPU) is a fund into which the surplus wealth produced by Norwegian petroleum income is deposited. Its name changed in January 2006 from the Petroleum Fund of Norway. The fund is commonly referred to as the Oil Fund (Norwegian: Oljefondet).