Norway Freezes $2.1 Trillion Oil Fund Ethics Rules to Protect Big Tech Stakes
Norway has suspended the ethical investment rules governing its $2.1-trillion oil fund just weeks after signaling higher 2026 withdrawals, drawing a direct line between petroleum revenues and fiscal control. The Government Pension Fund Global (GPFG) move, as detailed by the Irish Times, is being described as an emergency measure to prevent forced equity sales that could shake global markets. Parliament has approved a temporary freeze on the fund’s Ethics Council, suspending new exclusion recommendations on human-rights and environmental grounds,…