Decision day on USD 1 trillion fund's exit from oil moves closer

Norway is moving closer to deciding whether its USD 1 trillion wealth fund will dump all its oil and gas stocks.
Photo: Bloomberg
Photo: Bloomberg
BY BLOOMBERG NEWS, Sveinung Sleire and Mikael Holter

On Friday, the government will get a report from an expert committee mapping out the case for divesting the fund’s more than USD 40 billion in petroleum holdings. The administration will then make a recommendation to parliament later this year, based on the expert committee’s report.

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