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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Norway SWF to invest in renewable energy

Posted on 29 October 2008

From Gasandoil.com: Oil-rich Norway is pushing ahead with plans to use part of its EUR 312 bn sovereign wealth fund to invest in renewable energy development, a deputy finance has minister said.

The idea to divide the wealth fund, officially named the Government Pension Fund — Global, and siphon off part of it to invest in environmental projects has been criticised by Norway’s central bank, which runs the fund for the government….. Full Article: Source


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