Equinor's oil platform in the Johan Sverdrup oilfield in the North Sea, Norway. Photo: Reuters

‘Shock wave’ for energy markets as Norway’s enormous US$1 trillion sovereign wealth fund dumps oil and gas investments

  • China’s CNOOC could be among 134 groups affected, as well as Chesapeake of the US, Canada’s EnCana, France’s Maurel and Britain’s Tullow
  • The divestment was hailed by the environmental lobby, but was based on financial considerations for the world’s largest sovereign wealth fund
Topic |   Sovereign wealth fund

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Equinor's oil platform in the Johan Sverdrup oilfield in the North Sea, Norway. Photo: Reuters
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