Newsmakers
Norway Commission Recommends Against Oil Divestment
Panel says divestment would not protect against a permanent drop in oil prices.
Panel says divestment would not protect against a permanent drop in oil prices.
Oil-based equities help grow the world’s largest sovereign wealth fund by $19 billion in the second quarter.
Negative returns triggered by increasing uncertainty as well as volatility in global equities markets.
Human rights violations and involvement in nuclear weapons production among reasons for exclusion.
Ministry of Finance to present decision-making assessment this spring.
The world’s largest sovereign wealth fund uses its influence to produce both change and returns.
Oil and gas, and basic material stocks, were the fund’s best-performing investments.
Fund reports best half-year return in Norwegian kroner in its history.