Norwegian Fund Excludes Large Canadian Oil Producers - News Summed Up

Norwegian Fund Excludes Large Canadian Oil Producers


TORONTO—Norway’s sovereign wealth fund said Wednesday that it is blacklisting four of Canada’s largest oil producers from its trillion-dollar portfolio, citing high carbon emissions from their operations. The decision delivered another blow to Canada’s reeling oil industry, which is struggling with low oil prices and limited access to global markets.


Source: Wall Street Journal May 13, 2020 17:37 UTC



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