Jun
18

How Norway Manages Its Oil Money

Tim on June 18th, 2008

This week’s TIME had a piece on Norway’s Government Pension Fund-Global, Norway’s sovereign trust fund. Profits from their oil and gas resources are channeled into it and invested.
Highlights:
- Assets of USD 382 billion.
- Owns 1% of the entire European stock market
- Scored 100% in governance, accountability, and transparency in a study by the Peterson Institute. [...]

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