Last week our editorial focused on Big Oil, Big Tech and Big Money companies that continue to finance the fossil energy industry. Now the Norway Government Pension Fund shows that there are alternatives.
The Norwegian State Pension Fund is the largest sovereign wealth fund in the world and manages assets of around 895 billion euros. Its task is to invest the country's state oil revenues to provide for the time when oil reserves run out. In addition, the government may use up to three percent of the fund volume p.a. for social purposes.
The fund, which has also invested in equities ...