Norway’s $1 trillion fund to dump oil and gas shares

Norway’s $1 trillion fund to dump oil and gas shares

STAVANGER, Norway (AP) — Norway’s $1 trillion wealth fund, the biggest of its kind in the world, will begin dumping shares in oil and gas companies, but stopped short of barring major producers like ExxonMobil and Chevron.

The move was hailed by environmental activists as a sign that the global economy is increasingly moving away from fossil fuels toward cleaner energy.

The financial impact, however, may be relatively limited.

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