Norway’s Massive Sovereign Wealth Fund Is Not Divesting Its Energy Shareholdings

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..none of the top 10 holdings will be divested, so Norway’s going to remain a huge player in the global integrated energy space.

the GPFG’s white paper pointedly notes that stocks of major integrated energy companies–Exxon, Total, Petrobras, Royal Dutch Shell, etc.–will continue to be included in the GPFG fund.

So those making the GPFG announcement out to be a move away from fossil fuels or a divestment from the oil sector were just factually incorrect.

An exceprt from Forbes