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Sovereign Wealth Funds Briefing - Categorized | Market, Trends

Norway: Oil, wealth and humanitarianism go hand in hand

Posted on 31 January 2011

From Theepochtimes.com: In case you are thinking that major global corporations aren’t exactly quaking in their boots at the prospect of divestiture by Norway, think again. Built on the healthy revenues of Norway’s thriving oil sector, the country’s sovereign fund invests its considerable wealth in over 7,000 corporations worldwide. In fact, the fund is the largest single investor in Europe.

To judge from the WikiLeaked cable, the combination of Norway’s financial heft with its righteous ethical stance concerned American diplomats because, well, it disproportionately affects U.S. corporations—specifically, America’s highly profitable and politically influential arms manufacturers…………………………………….Full Article: Source


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VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


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