Looking for a specific product?

Make a search for products & suppliers, articles & news.

Report from the expert group on investments in coal and petroleum companies

An expert group appointed by the Ministry of Finance today presents its report on the Government Pension Fund Global. The expert group has evaluated whether the exclusion of coal and petroleum companies is a more effective strategy for addressing climate issues than the exercise of ownership and exertion of influence.

– There is broad political consensus that any adjustments in the management of the fund should be based on thorough scientific assessments. The expert group's report gives us a good platform for further discussions, and I look forward to the coming debate, says Minister of Finance Siv Jensen.

The expert group was appointed on April 4. The members have been economist Martin Skancke (chair), Professor Elroy Dimson, Professor Michael Hoel, Research Director Magdalena Kettis, Dr. Juris. Gro Nystuen and Professor Laura Starks. As part of its work, the group has been in dialogue with NGOs, researchers and other stakeholders.

The Ministry of Finance will circulate the expert group's report for consultation before Christmas. The recommendations in the report and input from the consultation will form part of the basis for the Ministry's assessments in the Report (White Paper) to Parliament in spring 2015.

The starting point for all assessments of the strategy for the Government Pension Fund is that the fund should seek the highest possible return within a moderate level of risk. Sound long-term management of the fund will contribute to intergenerational equity, by allowing both current and future generations to benefit from petroleum wealth. Within its role as a financial investor, the fund should be a responsible investor.

________________

Read more:

 

 

Related news

Latest news

Untrue rumours about an on-going incident at the Halden Research Reactor in Norway

The Norwegian Radiation Protection Authority has become aware that stories about an ongoing incident involving a “meltdown” at the Norwegian Institute for Energy Technology (IFE) reactor situated in Halden are currently ci...

Gulf Notified Body meeting in Manama Bahrain

At the end of January, the GSO (Gulf Standards Organization) arranged the first meeting with the present group of 23 Notified Bodies. These Notified Bodies are authorised by GSO to certify the electrical products as curren...

SMART SYSTEM USES POST OFFICE VEHICLES TO ANALYZE ROADS.

During the spring thaw period in Sweden, many small roads are closed to traffic despite the fact that they are fit for use. The BiFi research project has analysed the roads’ bearing capacity in real time using Internet-con...

Children with poor vitamin B12 status early in life struggle more with tasks, recognition and interpreting feelings

Small children with low levels of vitamin B12 had more difficulties solving cognitive tests, such as the ability to do puzzles, recognize letters and interpret other children’s feelings.

BP Awards Schlumberger Contract for Mad Dog 2 Project

Export Conference 2017: A changing world

Register for this year’s most important conference for Norwegian exporters. We can promise you an interesting and inspirational day!

Meet Elkem Silicon Materials at the Ceramics Expo 2017

Elkem Silicon Metrials invites to meet their team at the Ceramics Expo 2017. This is North America’s largest, free-to-attend exhibition for Ceramic manufacturing and applications.

Event - TechnipFMC at Gastech April 4

Multiple Indian languages on electronic products

The Indian Ministry of Electronics and Information Technology (MeitY) has approved guidelines issued by Bureau of Indian Standards (BIS) about the display of text in 22 Indian languages on certain electronic devices from 1...