Norway wealth fund attacks Big Oil over emissions 

But Wall Street heavyweights declare their unwavering commitment to Big Oil

Criticism from Norway’s sovereign wealth fund comes as some of the world’s biggest oil companies double down on their core business.

A senior executive at Norway’s sovereign wealth fund, which owns a larger share of global stocks than any other investor, says Big Oil’s transition strategy is not holding up as carbon emissions continue to rise.

“The oil and gas industry, as a whole, clearly isn’t doing enough to cut emissions,” said Carine Smith Ihenacho, chief governance and compliance officer at Norges Bank Investment Management.