FOSSIL FUELS: AN UNPROFITABLE SOURCE OF ENERGY
On April 5, the Norwegian government approved the decision of the Norwegian Pension Fund to withdraw some 11,000 million euros from its investments in oil and gas companies. In addition, the Fund is authorized to invest up to 2% of its value in renewable energy. In addition, restrictions are established for investment in coal companies. Norway’s Global Government’s Pension Fund (Statens Pensjonsfond Utland), commonly called the Petroleum Fund (Oljefondet), aims to ensure a responsible and long-term management of the oil … Read more