Norges

Norway’s $1T Sovereign Fund to Dump E&P Stocks

Norway’s $1T Sovereign Fund to Dump E&P Stocks

The government of Norway on Friday proposed dropping a who’s who of U.S. independents from its estimated $1 trillion pension fund to reduce the “aggregate oil price risk” to the economy. Integrated producers, many with substantial renewables businesses, would not be impacted.

March 8, 2019