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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The largest sovereign fund in the world is close to withdrawing its investment of oil

    Rocky
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    world - The largest sovereign fund in the world is close to withdrawing its investment of oil Empty The largest sovereign fund in the world is close to withdrawing its investment of oil

    Post by Rocky Tue 22 May 2018, 2:51 pm

    The largest sovereign fund in the world is close to withdrawing its investment of oil






    2018/05/22 18:56


    (Encyclopedia of this Day News | Iraq News ) - Live: removed the Norwegian sovereign wealth fund obstacle course proposed to withdraw its investments from shares of oil and gas sector.

    The $ 1 trillion fund on Tuesday won support for its plan by top academics at the top Norwegian universities, the Bloomberg news agency reported.

    Last November, Norway's central bank recommended withdrawing oil and gas sector investments from the world's largest sovereign wealth fund index to reduce financial risk.

    But it is likely that more weight will be given to the opinion of a group of experts, which will present its view later this year before the government and parliament's decision.

    At the time when the Norwegian Central Bank proposal was made, the fund had holdings of oil companies such as Exxon Mobil and Royal Dutch Shell worth $ 40 billion.

    The proposal was supported by academics from the Norwegian School of Economics, the Norwegian University of Science and Technology and the University of Oslo, saying it would help diversify investment risks in the country.

    They also stressed that the recommendation to reduce the acquisition of oil and energy sector shares has a solid scientific basis and is widely supported in both national and international academic circles.


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