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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway eyes ‘green’ fund

Posted on 07 April 2014

Oil-rich Norway moved on Friday to target its huge sovereign wealth fund’s investments more closely at boosting green businesses, but environmentalists said the proposals were not strong enough.
In its yearly policy paper on the fund — the world’s largest — the right-wing government also proposed giving the central bank, which manages the fund day-to-day, more power to decide when to divest from a company for ethical reasons. Fed by the country’s oil surplus, the fund is currently worth 5.1 billion kroner (US$856 million), invested abroad in stocks and bonds and, to a lesser extent, real estate………………………………………..Full Article: Source


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