The world is facing an environmental crisis and threat to the very viability of life on earth – and these concerns will also negatively affect the global economy. With holdings in more than 9,000 companies in 70 countries, the oil fund has a clear economic motivation to help attain the goals laid out in the Paris Agreement.
”We have a goal to be the world’s leading investor when it comes to handling the climate. Our long-term returns will be completely dependent on how companies in the portfolio transition to a net-zero society,” Oil Fund CEO Nicolai Tangen said in a press release earlier this week.
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