Norway’s oil fund targets green infrastructure

• 8 years ago (2015-12-09)

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On the margins of the COP21 conference in Paris, the fund’s CEO, Yngve Slyngstad said to Reuters: “From our point of view the focus will be on the energy transition, renewable energy.” He further went on to say that the “usual suspects” of grids and the transport sector should be considered too.

Earlier in the week, Norway’s central bank recommended that the fund should be used to invest in unlisted infrastructure projects, and to also use a higher share of its assets in other real estate.

Norway’s $850 billion national reserve has been steadily built up since the 1970s due to the country’s oil and gas reserves located in the North Sea.