Norway Sovereign Wealth Fund vows to assess fossil fuel assets on case-by-case basis

James Murray
clock

$870bn fund rejects calls for fossil fuel divestment, but hints that it could move away from firms that are 'severely harmful to the climate'

Norway's giant sovereign wealth fund will not divest from coal and oil assets, but will instead consider carbon-intensive companies on a "case-by-case" basis, fuelling hopes it could shift its investment...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

The private sector's commitment to sustainability is far from fading - it's evolving, deepening, and accelerating

The private sector's commitment to sustainability is far from fading - it's evolving, deepening, and accelerating

While politicians get a lot of media attention by injecting heat into the debate on decarbonisation, boardrooms are increasingly seeing the light, writes WWF-UK's Josephine Quint

Josephine Quint, WWF-UK
clock 27 October 2025 • 3 min read
Pension Protection Fund reveals majority of portfolio working to be net zero aligned

Pension Protection Fund reveals majority of portfolio working to be net zero aligned

Sustainability report confirms three quarters of its portfolio by value is covered by carbon footprint metrics

Jasmine Urquhart, Professional Pensions
clock 27 October 2025 • 3 min read
Failed low-carbon transition could wipe one third of pension fund returns

Failed low-carbon transition could wipe one third of pension fund returns

Ortec Finance finds high warming scenario could slash projected returns from pension funds by 2050

Jasmine Urquhart, Professional Pensions
clock 23 October 2025 • 2 min read