Norway has suspended the ethical investment rules for its $2.1-trillion oil fund to prevent forced equity sales that could shake global markets. Parliament approved a temporary freeze on the fund’s Ethics Council, suspending new exclusion recommendations. Finance Minister Jens Stoltenberg said the move was necessary to protect portfolio stability and the fiscal framework. The suspension will remain until a review of the Ethics Council’s framework concludes. The Fund is attempting to stabilize returns amid declining offshore revenues and volatile gas prices. Critics question whether the government is prioritizing short-term performance over ethical accountability and intergenerational equity.
Read more at Yahoo Finance: Norway Freezes $2.1 Trillion Oil Fund Ethics Rules to Protect Big Tech Stakes
