STAVANGER, Norway | World’s top sovereign wealth fund to dump oil and gas shares

STAVANGER, Norway | World’s top sovereign wealth fund to dump oil and gas shares

STAVANGER, Norway (AP) — Norway’s $1 trillion wealth fund will begin dumping its shares in oil and gas companies, paving the way for a huge divestment in the likes of Royal Dutch Shell and Exxon Mobil.

The Norwegian fund, the biggest of its kind in the world, derives its income from the country’s own oil and gas industry. It has significant stakes in several oil companies, with some $6 billion tied up in Royal Dutch Shell alone.

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