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    Norway’s sovereign fund ‘should stay invested in energy stocks’ (IPE)

    Norway’s sovereign fund ‘should stay invested in energy stocks’ (IPE)

    Norway’s NOK8.7trn (€890bn) sovereign wealth fund should remain invested in energy stocks, a government-tasked expert commission has concluded, even though the managers of the fund believe the shares should be sold off.

    Øystein Thøgersen, chair of a commission created in February by Norway’s finance ministry, said: “Divestment of the energy stocks in the Government Pension Fund Global [GPFG] is not an effective insurance against a permanent decline in oil prices.

    “The energy stocks only contribute marginally to Norway’s oil price risk.”

     

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