Norway’s $1 trillion sovereign wealth fund is about to get the green-light to dump more than $13 billion in stocks linked to fossil fuels as well as a broad range of emerging-market bonds.
sovereign wealth fund
Norway’s $1 trillion sovereign wealth fund cleared a hurdle on its proposed path to exiting oil and gas stocks.
Asset management in the Nordic region is dominated by Norway’s $1 trillion sovereign wealth fund, which last week said it wants to exit all its oil and gas stocks.
Norway's $900billion sovereign wealth fund is in a talks with 26 companies because they use or produce coal, its CEO has revealed.
Kuwait plans a new state-owned fund to manage as much as $100 billion in local assets with the goal of selling them to private investors in five to seven years, Al- Anba newspaper reported.
Norwegian oil companies are turning on the spigots to counter plunging crude prices.
The FTSE 100 Index weathered the latest eurozone storm today after plans for a levy on bank deposits in Cyprus had earlier threatened to derail markets.
Chief Treasury Secretary Danny Alexander will claim today that oil and gas taxes could be increased in an independent Scotland.