19.12.2014 - Norway Central Bank to Decide Oil Fund Exclusions
Norway's government said Thursday that from Jan. 1 the central bank will take over deciding which companies to exclude from the portfolio of the country's sovereign-wealth fund and that it would no longer have the final word. "The changes in the governing documents are a result of a long-term effort to strengthen the work on responsible investment management in the fund," Finance Minister Siv Jensen said. Ms. Jensen said the government wanted "better interaction" between the $845 billion fund's use of ownership power and the exclusion mechanism. The government has previously said it wants to avoid speculation that the fund is used for political means...............................................Full Article: Source
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