Norway’s $1.7 trillion sovereign wealth fund committed to invest €900 million ($1 billion) in Copenhagen Infrastructure Partners’ fifth flagship fund, the first time it will take an indirect stake for its unlisted renewable energy infrastructure portfolio.
A leading petroeconomist has cautioned the Scottish Government against relying on forward oil prices when forecasting its future spend.
Norway’s $1.3 trillion sovereign wealth fund posted its biggest loss on record as rate hikes, surging inflation and Russia’s invasion of Ukraine spurred volatility.
After revealing it wants to dump all oil stocks in a market-shattering bang in 2017, Norway’s $1.1 trillion wealth fund’s actual divestment could now be so small it hardly matters.
Norway is moving closer to deciding whether its $1 trillion wealth fund will dump all its oil and gas stocks.
A North Sea wealth fund for the UK would be worth over £500billion today had it been established in the 1980s, according to a think tank.
Norges Bank announced today that it has taken the decision to exclude nine companies from the $1.07 trillion Government Pension Fund, also putting one firm “under observation”.
Norway’s sovereign wealth fund, the world’s largest of its kind, has hit a milestone value of one trillion US dollars, beating all expectations since its creation over 20 years ago.