Latest news

Norway’s wealth fund excludes 10 more firms over carbon emissions risk

Norway's central bank, which manages the country's $900 billion wealth fund, has blacklisted another 10 companies because they use or produce coal, excluding them from its investment.

read more... 10/03/2017


EU to part fund an electricity superhighway between Scotland and Norway

The EU will grant €10 million (£8.45m) to part fund the development of a power interconnector between Scotland and Norway, called Northconnect.

read more... 28/02/2017


Exxon Mobil will extend lifetime of Norway's Sigyn field until end-2022

Norway's Petroleum Safety Authority has given approval to operator Exxon Mobil to prolong the lifetime of its Sigyn field offshore Norway until end-2022, the safety watchdog declared on Friday.

read more... 27/02/2017


Statoil to phase-out its CHP plant at Mongstad from 2019

Statoil will phase out its Mongstad combined heat and power plant (CHP) in Norway following several years of unprofitable operations.

read more... 16/02/2017


Norway: The oil fund of $880 billion could exclude major polluters

The ethics regulator for Norway's $880-billion wealth fund will concentrate this year on finding companies with huge emissions of greenhouse gases and will suggest excluding them from the fund's investments, as it stated.

read more... 12/01/2017