Aug 9, 2019

๐Ÿ›ข️ ~ Norway’s trillion dollar fund isn’t ditching oil after all (RT) ~ | Blogger: Surprise, surprise...๐Ÿ™„ |

The world’s largest sovereign wealth fund shocked the world when it said it was dumping oil and gas stocks, but it seems to have had a change of heartThe initial proposal of the fund—which has amassed its vast wealth from none other than Norway’s oil and gas revenues and is therefore commonly referred to as ‘the oil fund’--was to dump all oil stocks from its portfolio, including significant stakes in Big Oil worth billions of US dollars each.. Norwegian economists tell Bloomberg that the heavily reduced (not final yet) list of oil stocks for sale will likely have a very small effect and is reduced to a “symbolic” divestment, while Greenpeace’s finance campaign director for the Nordics, Martin Norman, described to Bloomberg the whittled-down proposal as “completely scandalous.”

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