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OPINION: Norway swaps oil for political fudge

Government's decision to drop oil company investments from pension fund is symbolic move with limited effect

Differing fortunes: As Norway’s government proposes that its $1 trillion pension fund drops holdings in pure E&P companies, Hess boss John Hess says US Gulf players need to make large investments to take the deep-water sector off ‘life support’.
Differing fortunes: As Norway’s government proposes that its $1 trillion pension fund drops holdings in pure E&P companies, Hess boss John Hess says US Gulf players need to make large investments to take the deep-water sector off ‘life support’.Foto: RYTIS DAUKANTAS/UPSTREAM
  • Beate Schjolberg
Oslo
NorwayMarathon OilBPShellExxonMobil
Published 13 March 2019, 18:52Updated 14 March 2019, 21:13