Norway opposition wants a more political oil fund: "Until now we haven’t dared to say it -- it’s obvious that NOK 10,000bn is politics"
The leader of Norway’s biggest opposition party wants his country to start treating its USD 1trn wealth fund as a political tool, setting the stage for a more activist role for the giant investor.
BY SVEINUNG SLEIRE & MIKAEL HOLTER / BLOOMBERG
The comments by Labor Party leader Jonas Gahr Store mark a change in rhetoric for Norway’s biggest political group and go against the consensus among the largest parliamentary parties.
Labor’s next stab at returning to government will come in 2021, when the country is due to hold elections. If the opposition wins, Labor’s shift in stance could change the way in which the world’s biggest wealth fund operates.
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