Norway to sell oil stocks
Norway Wealth Fund Gets Nod to Sell $6 Billion in Oil Stocks (Bloomberg) -- Norway’s massive wealth fund got the go-ahead to sell oil and gas stocks worth $5.9 billion, ending a two-year process (Oct 6): Norway’s massive wealth fund got the go-ahead to sell oil and gas stocks worth $5.9 billion, ending a two-year process that has reduced an initial proposal to dump all its petroleum investments to a more moderate divestment. Norway’s $1tn sovereign wealth fund is set to sell out of a host of oil and gas companies but stop short of abandoning the biggest energy majors such as BP and ExxonMobil as it prepares for one of Norway's sovereign wealth fund on Wednesday received the go-ahead from the country's parliament to sell over $10 billion in stocks in companies related to fossil fuels. Norway has said its $1 trillion sovereign wealth fund, the world’s biggest, should sell stocks in oil and gas exploration companies, in a move that is the biggest divestment from hydrocarbons yet.
Mar 18, 2019 Not surprisingly, many oil and gas stocks declined following the announcement. Norway's sovereign wealth fund, known as the Government Pension years and several major oil companies have sold tar sands assets,
Mar 8, 2019 Norway's Sovereign-Wealth Fund Moves Toward Divesting From Oil, Gas Stocks An oil-drilling platform in the Bømla fiord off Norway. major step toward selling off some of its substantial holdings in oil-and-gas companies, Mar 8, 2019 Norway's $1tn sovereign wealth fund is set to sell out of a host of oil and gas companies but stop short of abandoning the biggest energy Oct 7, 2019 KLP says it sold US$58-million worth of stocks and bonds as it reduces its tolerance threshold for companies with interests in the oil sands from Mar 8, 2019 The sector was also under pressure from news that Norway's sovereign wealth fund, one of the largest in the world, will start selling its stakes in Mar 7, 2019 Norway Decides Fate of $1 Trillion Wealth Fund's Oil Stocks: Q&A Read more: Norway's oil sell-off plan is 'shot heard around the world' Mar 10, 2019 “Hence, it is more accurate to sell companies which explore and produce oil and gas, rather than selling a broadly diversified energy sector.” The Mar 8, 2019 To accomplish that goal, it will sell its holdings in 134 companies, according Huge huge huge win–Norwegian govt (an oil state) is recommending that They 're doing it because fossil fuel stocks are not producing the value
Mar 8, 2019 To accomplish that goal, it will sell its holdings in 134 companies, according Huge huge huge win–Norwegian govt (an oil state) is recommending that They 're doing it because fossil fuel stocks are not producing the value
Oct 2, 2019 divest all its holdings in oil companies, Norway's sovereign wealth fund has been greenlit to sell just $6 billion worth of oil industry holdings. The Government Pension Fund of Norway comprises two entirely separate sovereign wealth funds owned by the government of Norway. The Government Pension Fund Global, also known as the Oil Fund, was The fund plans to sell off over $10 billion in stocks from companies that utilize too many fossil fuels. In hopes of
Oct 2, 2019 Norway's sovereign wealth fund got the go-ahead to sell oil and gas stocks worth $US5.9 billion.
Winners and Losers as Norway Discloses Plan to Sell Some Oil Stocks Norway’s Ministry of Finance announced Friday morning that it has proposed that the government’s sovereign wealth fund, Norway Wealth Fund Gets Nod to Sell $6 Billion in Oil Stocks (Bloomberg) -- Norway’s massive wealth fund got the go-ahead to sell oil and gas stocks worth $5.9 billion, ending a two-year process (Oct 6): Norway’s massive wealth fund got the go-ahead to sell oil and gas stocks worth $5.9 billion, ending a two-year process that has reduced an initial proposal to dump all its petroleum investments to a more moderate divestment. Norway’s $1tn sovereign wealth fund is set to sell out of a host of oil and gas companies but stop short of abandoning the biggest energy majors such as BP and ExxonMobil as it prepares for one of
Norway took a partial step in divesting oil and gas stocks in its massive $1 trillion wealth fund, approving the sale of smaller exploration companies while sparing the biggest producers such as
Norway's huge sovereign wealth fund is dumping oil and gas stocks. Norway's huge sovereign wealth fund is dumping oil and gas stocks.
Norway's sovereign wealth fund on Wednesday received the go-ahead from the country's parliament to sell over $10 billion in stocks in companies related to fossil fuels. Norway has said its $1 trillion sovereign wealth fund, the world’s biggest, should sell stocks in oil and gas exploration companies, in a move that is the biggest divestment from hydrocarbons yet.