Norway idea to exit oil stocks a 'shot heard around the world'
New York
NORWAY'S proposal to sell off US$35 billion in oil and gas stocks brings sudden and unparalleled heft to a once-grassroots movement to enlist investors in the fight against climate change.
The Nordic nation's US$1 trillion sovereign wealth fund said on Thursday that it's considering unloading its shares of Exxon Mobil Corp, Royal Dutch Shell Plc and other oil giants to diversify its holdings and guard against drops in crude prices.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
BlackRock, Citadel reap billion-dollar deals from Australia fund
Credit Suisse faces 50 billion won South Korea short-sale fine
Nvidia supplier SK Hynix says HBM chips almost sold out for 2025
Jim Beam owner bets on canned vodka cocktails to double revenue
Hot stock: Nio climbs about 19.8% on stronger vehicle delivery performance
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO