EnergyWatch

These are Norway's oil investments

Norway's Government Pension Fund Global recommends selling its stocks in oil and gas because it finds that Norway is too exposed to the sector. The fund has oil stocks worth hundreds of billions of Norwegian kroner. Learn here where the money is invested.

Photo: ritzau/Vahid Salemi/AP

Norway's Government Pension Fund Global (GPFG) could be headed toward sales of oil shares worth billions of dollars.

The country's central bank, Norges Bank, manages and invests the money from the country's success in oil and has now recommended to the Norwegian Ministry of Finance that oil and gas stocks be removed from the GPFG's benchmark index. The index is a list of which industries the fund can invest in.

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