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Norway Suspends Ethical Rules for $2.1 Trillion Fund

11/7/2025

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Summary

Story summary

Norway's finance minister Jens Stoltenberg announced suspension of ethical investing rules for the $2.1 trillion sovereign wealth fund.
The move aims to prevent divestment from Amazon, Microsoft, and Alphabet tied to the Israeli government.
The fund had divested from 11 Israeli companies and Caterpillar for ethical reasons.
Stoltenberg said the review will reassess the fund's ethical guidelines, especially defense investments.
Critics say the government prioritizes corporate interests over moral convictions.

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Story summary

Norway's finance minister Jens Stoltenberg announced suspension of ethical investing rules for the $2.1 trillion sovereign wealth fund.
The move aims to prevent divestment from Amazon, Microsoft, and Alphabet tied to the Israeli government.
The fund had divested from 11 Israeli companies and Caterpillar for ethical reasons.
Stoltenberg said the review will reassess the fund's ethical guidelines, especially defense investments.
Critics say the government prioritizes corporate interests over moral convictions.