Norway is starting the world's biggest divestment in oil and gas

Norway has said its $1 trillion sovereign wealth fund, the world’s biggest, should sell stocks in oil and gas exploration companies, in a move that is the biggest divestment from hydrocarbons yet. The Government Pension Fund Global, which was built off Norway’s oil revenues, should begin phasing out $8 billion held in 134 firms to reduce the fund’s risk from volatile oil prices, the country’s finance ministry said in a statement on 8 March.
Read more: https://www.newscientist.com/article/2196024-norway-is-starting-the-worlds-biggest-divestment-in-oil-and-gas/?source=Snapzu