Oil fund warns that climate targets could threaten returns
If Norway's oil fund is bound to change its investment strategy, it could pose a threat to returns, prompting the fund to issue a warning to the Norwegian Ministry of Finance.
By Ritzau Finans
It could pose a risk a risk to returns if the Government Pension Fund of Norway were to change its investment strategy in an effort to meet more climate targets, a letter addressed to the Norwegian Ministry of Finance warns, according to Bloomberg News.
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