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In a letter to the Ministry of Finance, Norges Bank said the recommendation will 'make the government’s wealth less vulnerable'

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Norges Bank Investment Management, which runs Norway’s $1tn oil fund, has recommended that the sovereign wealth fund ditches its investments in oil and gas stocks, which include Royal Dutch Shell and BP.

In a letter to the Ministry of Finance, Norges Bank said the recommendation will "make the government’s wealth less vulnerable to a permanent drop in oil and gas prices".

Norway’s $1tn oil fund proposes ditching oil and gas stocks

Norwegian oil fund pressured to ditch oil and gas stocks

Chris Newlands

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