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

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