World’s no. 1 stock owner calls out Big Oil as carbon levels go up

The manager of Norway’s gigantic oil fund regularly meets with the biggest emitters in its portfolio, says its chief governance and compliance officer Carine Smith Ihenacho. 
Photo: Nbim
Photo: Nbim
By Tim Quinson / Bloomberg

A senior executive at Norway’s sovereign wealth fund, which owns a larger share of global stocks than any other investor, says Big Oil’s transition strategy isn’t holding up as carbon emissions continue to rise.

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