Norway’s Oil Fund will vote against billion-bonus to Wizz Air’s boss
The Oil Fund will vote against the proposed compensation package for the top manager of Wizz Air at the company’s general meeting next week. Earlier…
Oil fund
Today, the value of Norway’s Oil Fund surpassed 12,000 billion kroner
On Tuesday afternoon, Norway’s Oil Fund surpassed a market value of NOK 12,000 billion for the first time. The Oil Fund’s value has increased by…
Solberg wants to use 402.6 billion kroner from Norway’s Oil Fund this year
In the revised national budget for 2021, the Norwegian government proposes to spend NOK 402.6 billion from the Oil Fund. That is NOK 90 billion…
Norway’s Oil Fund invests billions in offshore wind farms in the Netherlands
The Oil Fund has bought half of a Dutch offshore wind farm for NOK 13.9 billion. This is the fund’s first investment in infrastructure for…
New expert group to assess the Oil Fund’s exposure to climate risk
The Norwegian government appointed a new group of experts to look at climate-related investment opportunities – and climate risk – for the Oil Fund. Former…
Norway’s Oil Fund registered a return of 1,070 billion kroner last year
Despite the pandemic and the uncertainty, the Oil Fund registered a return of 10.9% in 2020. Technology giants such as Apple and Amazon contributed a…
Norway’s Oil Fund chief issues warning: “Things don’t grow forever”
The returns from Norway’s Oil Fund won’t continue to grow forever, the fund’s chief Nicolai Tangen warns. “We have now had 25 years of good…
Norway’s Oil Fund received 412 billion kroner of returns in third quarter of 2020
After a decline of 3.4% in the first half of the year, the third quarter was better for Norway’s Oil Fund. The return was 4.3%,…
The Oil Fund has passed NOK 10,000 billion
The value of the oil fund has passed NOK 10,000 billion on the day 50 years after the Ekofisk discovery that started the Norwegian oil…
Norges Bank wants the oil fund to own more in the US
The Government Pension Global Fund (the oil fund) should invest more in American equities and less in European than it does today, Norges Bank believes….
The Norwegian Oil Fund sells out of cannabis
The Norwegian Oil Fund sells out of cannabis The oil fund will no longer invest in companies that are directly involved in Cannabis. “We have…
Norwegian Krone Evolution and the Trillion Dollars Oil Fund
It doesn’t take a genius to tell you that oil production is one of the most important sources of investment in the world. Whether environment…
Do GPFG investments violate Human Rights in occupied Palestinian territories?
Do GPFG investments violate Human Rights in Palestine? A human rights report goes a long way in suggesting that the practice of the Norwegian Government…
Government Pension Fund of Norway
Government Pension Fund of Norway: For you and the next generations The total assets of the Norwegian Government Pension Fund have reached over a trillion…
Oil fund may co-own 400 weapons companies
The Oil Fund may have stakes in 400 weapons companies The Norwegian Pension Fund Global (Oil Fund) may hold stakes in as many as 400…
Oil fund earns 446 million on cannabis shares
Since the New Year, the oil fund has earned NOK 446 million on five shares in medical marijuana. At the beginning of 2019, the oil…
Norway may ditch oil shares from the oil fund
Norway may ditch oil shares from the oil fund The timing of the publication by Minister of Finance, Siv Jensen (Progress Party), may indicate that…
The Oil Fund lost 9½ «Trump walls» last year
The Norwegian Oil Fund lost NOK 485 billion in 2018 The Global Pension Fund of Norway (aka the Oil Fund) lost NOK 485 billion last…
Feels that Norway has become Uncle Scrooge
The King feels that Norway has become Uncle Scrooge HM King Harald compares Norway’s oil fund with Uncle Scrooge’s vault. At the same time, he…
Demands sanctions against Saudi Arabia
Parties demand sanctions against Saudi Arabia The political pressure to withdraw the oil fund from Saudi Arabia is increasing. Several parties also require a stop…
