Norway's USD 1.4trn wealth fund puts oil stocks on notice
The sovereign wealth fund of Norway, which manages USD 1.4tn in assets, said there are oil companies in its portfolio that "absolutely" aren't doing enough to cut emissions, as the guidelines under which it operates are reviewed, potentially giving the investor more scope to act.
By Lars Erik Taraldsen / BLOOMBERG
Norges Bank Investment Management (NBIM) still holds stakes in a number of fossil-fuel giants, including Exxon Mobil Corp., Chevron Corp. and BP Plc., after failing to win political approval to dump its entire portfolio of oil stocks a few years back.
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