NGO says Norway wealth fund misses climate targets
An NGO report claims Norway's $2.2 trillion wealth fund is failing its climate goals. The group says the fund rarely votes against oil and gas company boards.
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Norway’s $2.2 trillion sovereign wealth fund is reducing active climate engagement despite its stated 2050 net-zero targets. A report by NGO Framtiden i Vaare Hender found the fund opposed management in only three of 23 priority climate votes last year. This shift signals a retreat from using the world’s largest single asset owner to mitigate systemic climate risk.
