June 28, 2019 / 9:25 AM / 2 months ago

Norway wealth fund to map phase out of oil producers and explorers from investments -finmin

OSLO, June 28 (Reuters) - Norway’s $1 trillion sovereign wealth fund, the world’s largest, must assess how the planned phase out of exploration and production companies from its investments will be conducted, the finance ministry said on Friday.

The ministry also requested the wealth fund to review and describe its efforts related to climate risk in its investments, it said in statement. (Reporting by Victoria Klesty, editing by Gwladys Fouche)

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