GREENPEACE: Activists protesting Shell.
Norway has made billions from fossil fuels. Our US$900 billion Sovereign Wealth Fund – the world’s largest – has been harvested from nearly two decades of careful management of its oil wealth. But it’s time for Norway to turn its back on its oil-fuelled past, and embrace a different future.
On 28 February, the fund’s manager published data showing it had increased its holdings in oil majors during 2016 – companies including Shell, Exxon and the tar sands company Suncor.