Norway government
Norway urged to scrap ban on $1.8 trillion wealth fund investing in weapons makers
Nicolai Tangen, CEO of Norges Bank Investment Management, addresses a press conference on his company’s annual results for 2024 at Norges Bank in Oslo, Norway, on January 29, 2025. Ole Berg-rusten | Afp | Getty Images Norway’s government is under growing pressure to let the country’s $1.8 trillion sovereign wealth fund invest in certain defense […]
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Norway is set to become the first country to fully transition to electric vehicles
Oslo Taxi’s Tesla model Y (L) and the NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drive through the Norwegian capital Oslo, on September 27, 2024. Jonathan Nackstrand | Afp | Getty Images Norway is set to become the first country in the world to effectively erase gasoline and diesel […]
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Norway hits pause on controversial deep-sea mining plans
Norway’s Prime Minister Jonas Gahr Store gives a speech during the Autumn 2024 conference of Equinor, a Norwegian multinational energy company, in Oslo, Norway on November 26, 2024. Thomas Fure | Afp | Getty Images Norway has shelved plans to open a vast ocean area at the bottom of the Arctic for commercial-scale deep-sea mining. […]
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World’s largest sovereign wealth fund posts $76 billion in quarterly profit as interest rates fall
The headquarters of the Norges Bank, Norway’s central bank, in Oslo, Norway, on Tuesday, Jan. 30, 2024. Bloomberg | Bloomberg | Getty Images Norway’s gigantic sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion), citing a stock market boost from falling interest rates. The so-called Government Pension Fund Global, […]
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Norway discovers Europe’s largest deposit of rare earth metals
Neodymium is displayed at the Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co. factory in Baotou, Inner Mongolia, China. Nelson Ching | Bloomberg | Getty Images Mining firm Rare Earths Norway says it has discovered Europe’s largest proven deposit of highly prized rare earth elements, potentially reflecting a watershed moment for both the Nordic country and […]
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The North Sea could grow to be a ⟎ntral storage camp' for carbon squander. Not every person likes the plan
The obtaining dock at the Northern Lights carbon capture and storage undertaking, controlled by Equinor ASA, Shell Plc and TotalEnergies SE, at Blomoyna, Norway, on Friday, Jan. 19, 2024. Bloomberg | Bloomberg | Getty Visuals Norway’s government desires to show the earth it is attainable to safely inject and store carbon waste beneath the seabed, […]
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World’s most significant expenditure fund suggests companies mismanaging local weather threat could face exclusion from next calendar year
Norway’s sovereign prosperity fund was established in the 1990s to devote the surplus revenues of the country’s oil and gas sector. Bloomberg | Bloomberg | Getty Pictures Norway’s $1.4 trillion sovereign wealth fund says it is prepared to start dropping companies for mismanaging local weather hazard setting up next year, introducing to the decarbonization tension […]
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Norway faces backlash from campaigners for ‘reckless’ pursuit of Arctic oil and gasoline
A look at of fjords as they melt thanks to local weather improve near Svalbard Islands, in the Arctic Ocean in Norway on July 19, 2022. Anadolu Agency | Anadolu Company | Getty Illustrations or photos The Norwegian authorities is contacting on strength giants to ramp up oil and fuel exploration initiatives in remote locations […]
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