The Norwegian sovereign wealth fund is the largest in the world at around $750 billion, and a new government is currently being formed in Oslo that is considering investing some of the wealth in renewable energy projects across the world.Formed in 1990, the fund generates money from taxes on Norway’s oil and gas industry, as well as owning several fields in the North Sea, and a 67% stake in Statoil. It also owns large shares in many of Europe’s largest companies, and it has been calculated that one in every $80 invested in equities…
via OilPrice.com Daily News Update http://oilprice.com/Latest-Energy-News/World-News/Norways-Sovereign-Wealth-Fund-Gives-a-Boost-to-Global-Renewable-Energy.html
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Prometheus Institute 