World’s biggest wealth fund dumps EUR 2.8 billion in fossil fuels

Canadian and Brazilian firms will be affected.
CEO of the Norwegian oil fund Yngve Slyngstad | Photo: Ntb Scanpix/Reuters/Ritzau Scanpix/via REUTERS / X02351
CEO of the Norwegian oil fund Yngve Slyngstad | Photo: Ntb Scanpix/Reuters/Ritzau Scanpix/via REUTERS / X02351
BY STEPHEN TRELOAR AND MIKAEL HOLTER / BLOOMBERG

Norway’s EUR 920.6 billion wealth fund is doubling down on its climate action by making deeper cuts to its fossil fuel exposure.

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