Norwegian oil fund elaborates on decision to sell out of oil

Norway's central bank, Norges Bank, which manages Norway's Government Pension Fund Global (GPFG) now explains its decision to sell out of oil and gas assets to Norwegian media in a new discussion note. However, the decision has yet to be approved by Norwegian politicians.

Photo: Nabil al-Jurani

Norway's Government Pension Fund Global (GPFG) is now elaborating on its recent decision to withdraw from oil.

The fund announced two weeks ago that it had requested permission from the government to sell out of its shares in oil and gas companies.

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