What Norway's Big Divestment Decision Means for Fracking, Tar Sands and Global Oil Exploration
DeSmog Mar 18, 2019 @ 11:42 Norway’s sovereign wealth fund — a state-owned investment fund worth approximately a trillion dollars — recently announced it was divesting from oil and gas exploration companies around the world. Not surprisingly, many oil and gas stocks declined following the announcement. While this is good news for the climate, this was simply a smart business decision. Norway’s sovereign wealth fund, known as the Government Pension Fund Global (GPFG), primarily exists...
Source: desmogblog.com