Oil-rich Norway to set out new CO2 mandate for its €1.2trn sovereign wealth fund

Norway’s wealth fund still holds stakes in some of the planet’s biggest greenhouse-gas emitters, including ExxonMobil and Chevron

Norway’s Labour Party, which this month won elections that focused on the country’s fossil-fuel dependence, has made clear it wants to embrace more aggressive environmental policies.

The world’s biggest owner of publicly traded stocks, Norway’s sovereign-wealth fund, is about to get the political go-ahead to insist that all companies in its portfolio have clear targets for cutting CO2 emissions.

Norway’s Labour Party, which this month won elections that focused on the country’s fossil-fuel dependence, has made clear it wants to embrace more aggressive environmental policies.