Norway Wealth Fund Set for Ethical Rules Overhaul
Norway is set to overhaul its $2.3 trillion wealth fund ethical rules following a state commission report. The review comes after US pressure over divestments and rising concerns about defense investments.
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Norway will overhaul the ethical rules governing its $2.3 trillion sovereign wealth fund following findings from a state-appointed commission. The review follows an ethics-divestment pause implemented after scrutiny from the United States over the fund's exit from CATERPILLAR INC. The overhaul may reshape how the world's largest state-owned fund balances global ethical standards with massive equity stakes in foreign corporations.
