Norway’s Wealth Fund Archives - Market Mad House

World’s Largest Wealth Fund wants to Sell $40 Billion Worth of Oil Stocks

November 17, 2017 daniel America Should Emulate Norway’s Wealth Fund, Basic Income, Exxon-Mobil (NYSE: XOM), Norway’s $1 trillion national wealth fund, Norway’s Wealth Fund, Royal Dutch Shell (NYSE: RDS, the fund might control as much as 1.5% of the world’s stock market, The managers of Norway’s $1 trillion national wealth fund want to sell off $40 billion worth of oil and gas stocks, The Oil Free Future is Almost Here, World’s Largest Wealth Fund wants to Sell $40 Billion Worth of Oil Stocks

Part of the reason for the proposal is risk avoidance; because around one-fifth of Norway’s gross domestic product comes from oil money. The hope is to keep generating enough income to keep Norway’s welfare state going into an oil-free future.

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