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

Eimskip strengthens its worldwide forwarding services by acquiring the logistics company SHIP-LOG A/S in Denmark

Eimskip has strengthened its position in worldwide logistics services by acquiring 75% of the freight forwarding company SHIP-LOG. 

For Sale Assets from the former BMV LAKSEVÄG YARD in Bergen, Norway!

For Sale Assets from the former BMV LAKSEVÄG YARD in Bergen, Norway! The entire shipbuilding and fabricating facility is closing and more than 500 lots is on sale.

Servogear CPP for Seasight II - Future of the Fjords

We are proud to announce that Servogear has been chosen for the delivery of Servogear...

TechnipFMC Signs Agreement with Pall to Supply Slurry Oil Filtration Systems for Fluid Catalytic Cracking Units

The associated activities will be managed by TechnipFMC Process Technology’s center in Houston,

10 Million kroner for verification funding

The Norwegian Research Council has granted 10 million...

Hilti acquires Oglaend System Group

Oglaend System’s headquarters will remain in Klepp, 

DOF Subsea AS ("DOF Subsea" or the "Company") today announces its intention to launch an initial public offering (the "IPO") of its ordinary shares and to apply for a listing on Oslo Børs

NOT FOR DISTRIBUTION OR RELEASE,

DOF Subsea North America extends charter for Jones Act Compliant vessel Harvey Deep Sea

The Harvey Deep Sea Vessel is a Multi-Purpose DPII Construction,

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...