Norwegian Wealth Fund abandons oil stocks amid $ 10 billion loss – Yahoo Finance
Norwegian Wealth Fund abandons oil stocks amid $ 10 billion loss – Yahoo Finance
(Bloomberg) – The Norwegian sovereign wealth fund has sold its entire portfolio of companies focused on oil exploration and production, marking a major step towards fossil fuels for the investment giant. The portfolio, worth around $ 6 billion in 2019, was fully liquidated late last year, said Trond Grande, deputy managing director of the fund, […]
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