How Norway runs its trillion dollar state fund

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Published Jul 22, 2019

Norway's sovereign wealth fund, known as the 'Oil Fund' has assets of 9 trillion Norwegian kroner. That's roughly a trillion dollar. It was set up in 1990 and is now the worlds largest fund of its kind. The fund invests worldwide and is run by the central bank. The money that has been put into the fund was made from Norway's vast oil reserves. Recently the fund's investments have become a topic of heated debate. The Norwegian parliament has barred the fund from owning stakes in a range of arms, tobacco and fossil-fuel firms. That seems to be a a massive endorsement of green energy, but environmentalists are not happy and say the fund is not living up to its goal for 'responsible management'
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