Norway's Ministry of Finance has proposed excluding holdings of oil exploration and production companies from the portfolio of the country's €902bn sovereign wealth fund - the Government Pension Fund Global, also known as the oil fund because of the source of its inflows. Siv Jensen, minister of Finance (pictured), said: The objective is to reduce the vulnerability of our common wealth to a permanent oil price decline. Hence, it is more accurate to sell companies which explore and produce oil and gas, rather than selling a broadly diversified energy sector." In a statement on the chan...
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