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Commission urges letting Norway's oil fund invest in nuclear defence firms
Original: Let NBIM invest in NATO nuclear defence firms, commission says
A commission has recommended that Norges Bank Investment Management, which manages Norway's sovereign wealth fund, be allowed to invest in NATO nuclear defence companies. The proposal would mark a shift in the fund's ethical guidelines, which currently restrict certain weapons-related investments. Debate is expected over the balance between alliance security needs and the fund's responsible investing mandate.
Why now: The recommendation would change ethical restrictions on one of the world's largest sovereign wealth funds amid heightened NATO defence spending.
Norges Bank Investment ManagementNorwayNATO
Evidence
- Let NBIM invest in NATO nuclear defence firms, commission says · Responsible Investor
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