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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway to invest more of its $920bln sovereign wealth fund in renewables

Posted on 20 March 2014

At a staggering $920 billion, Norway has the largest sovereign wealth fund in the world, and Norwegian Prime Minister Erona Solberg has flagged that the country is planning to invest more of that national wealth in renewable energy.
Norway’s immense sovereign wealth fund has largely been accrued from its fossil fuel industry. Oil was discovered in Norwegian waters in the late 1960s, and in 2011 the country was the eighth largest crude oil exporter in the world. It was also the world’s third largest natural gas exporter in the that year. However, Norway’s stated aim is now to use its massive sovereign wealth to help address climate change………………………………………..Full Article: Source


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