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The Norwegian Oil Fund sues BP for giant loss

The Norwegian Oil Fund suffered a massive loss on its BP shares when the oil company caused the biggest spill in US history, and the Fund is now preparing a lawsuit.

Photo: Gerald Herbert

British oil company BP is not just struggling with low prices - the company can now also look forward to squaring off against one of the world's biggest institutional investors.

The Norwegian Oil Fund, which invests Norway's oil money across the globe, suffered a massive loss on its BP shares when the company caused the biggest oil spill in the history of North America.

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