Norway's state pension fund plans to sell off many of its oil and gas shares. The state fund wants to protect itself against the fluctuations and the fall of the oil price on the commodity market. The decision could affect 134 oil companies in the oil industry. Norway is the largest oil producer in Western Europe. Half of the export concerns the oil. The fund reached a value of 1 billion dollars in 2017. Fluctuations in commodity markets alone led to a 50 Billion dollars loss in 2018. Therefore now this step. Climate activists welcome this retreat. Norway had already withdrawn from the coal industry. And this saved money should not flow into companies that produce tobacco or nuclear weapons or violate human rights and support child labor. Norway only has money left in sustainable companies.
Dear friends of Norway, at the moment we have a very great demand for our holiday properties. We would like to thank all our guests. For all Norway friends, who have not yet found a suitable Holiday place, please call us, we will be pleased to advise you. We also offer our guests the opportunity to arrange a personal consultation in our office in Bottrop - in the heart of the Ruhr area. Here we can plan individually plan your travel, even for short-term trips, in a relaxed atmosphere. Please contact us for further information.