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Norway's $2 Trillion Fund Faces Trump Administration Scrutiny

9/10/2025

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Summary

Story summary

Norway's Finance Minister Jens Stoltenberg hopes the $2 trillion sovereign wealth fund can maintain its investment policy.
Approximately half of the fund's assets are in U.S. investments.
The Trump administration is concerned about the fund's recent divestment from Caterpillar, prompted by ethics recommendations.
Some Trump allies caution about possible U.S. sanctions against Norway.
Stoltenberg clarified that the Norwegian government does not review divestment recommendations.

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Story summary

Norway's Finance Minister Jens Stoltenberg hopes the $2 trillion sovereign wealth fund can maintain its investment policy.
Approximately half of the fund's assets are in U.S. investments.
The Trump administration is concerned about the fund's recent divestment from Caterpillar, prompted by ethics recommendations.
Some Trump allies caution about possible U.S. sanctions against Norway.
Stoltenberg clarified that the Norwegian government does not review divestment recommendations.