World's biggest investor ditches oil in €30bn sale
Oil rig in Tromso
Norway's proposal to sell off €30bn in oil and gas stocks brings sudden and unparalleled heft to a once-grassroots movement to enlist investors in the fight against climate change.
The Nordic nation's $1 trillion sovereign wealth fund said on Thursday that it's considering unloading its shares of Exxon Mobil, Royal Dutch Shell and other oil giants to diversify its holdings and guard against drops in crude prices.
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