When the Umpire Takes the Field: How Norway’s Oil Fund Became a Cautious ESG Enforcer

10th November, 2025
For years, Norway’s sovereign wealth fund has tried to be predictable. It has presented itself as a long-term, rules-based investor whose job is to turn oil and gas revenues into broad, steady exposure to the global economy.Recent decisions and political debates show that this position is becoming harder to maintain....
For years, Norway’s sovereign wealth fund has tried to be predictable. It has presented itself as a long-term, rules-based investor whose job is to turn oil and gas revenues into broad, steady exposure to the global economy.Recent decisions and political debates show that this position is becoming harder to maintain....

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