ID:
1552016372981907400
Fri, 2019-03-08 06:21
OSLO: Norway will announce on Friday whether its sovereign wealth fund, which is the world’s biggest and has been fueled by petrodollars, will divest its oil and gas holdings in a decision keenly awaited by climate activists.
While the decision is said to be based solely on financial considerations and not on the environment or climate change, a divestment by an investor worth more than $1 trillion would be a major blow to polluting fossil fuels.
Finance Minister Siv Jensen is expected to present the government’s position at a press conference at 12:15 p.m. (1115 GMT).
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from ArabNews https://ift.tt/2HmikAA
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