Norway’s oil fund, as the world’s biggest sovereign wealth fund is commonly known, will expand its scrutiny for possible corruption at national oil companies under strengthened guidelines from the fund’s ethics council, Bloomberg News reported on Thursday, citing the council’s updated plan it had seen.
The Norwegian fund, Government Pension Fund Global, which had a total market value of US$1.2 trillion (10.4 trillion Norwegian crowns) at end-2020, regularly reviews its holdings in companies from all sectors and excludes…Norway’s $1.2-Trillion Wealth Fund To Fight Corruption At National Oil Companies
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