The Norwegian oil fund – one of the world's largest owners of listed shares – may need to sell shares in companies that contribute to Israel's warfare in Palestinian areas due to new ethical guidelines. This reports the news agency Reuters.
The ethical guidelines for the fund's management of assets – equivalent to around 1,700 billion dollars – have recently been updated and tightened, according to a letter from the fund's ethical council to Norway's Ministry of Finance, which the news agency has accessed.
The Norwegian oil fund owns shares in 8,800 listed companies around the world, a holding equivalent to 1.5 percent of the entire global stock market.
