Norway weighs wealth fund ethical divestment transparency
Norway is weighing if its wealth fund should explain ethical divestments. The move follows a pause in sales after U.S. scrutiny over an exit from Caterpillar.
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Norway is reviewing transparency rules for its $2.2 trillion wealth fund following a pause in ethical divestments. The fund halted ethical sales in November after the United States criticized its exit from CATERPILLAR INC. Changes to disclosure rules could reduce the global impact of the world's largest sovereign wealth fund on ESG standards.
