Norway may let wealth fund invest in nuclear weapon makers
Summary
Norway’s sovereign wealth fund may once again be allowed to invest in companies that make nuclear weapons under a new proposal. The recommendations would reopen the door to several British, French and American arms manufacturers, but the government still needs to take the plan to parliament for approval next spring.
Key Points
- Norway's sovereign wealth fund, the world's largest, may be allowed to invest again in nuclear weapons makers under a new proposal.
- The fund currently excludes 14 companies, including Airbus, BAE Systems, Boeing, Lockheed Martin and Safran, over nuclear weapons concerns.
- A commission chaired by former central bank governor Svein Gjedrem recommended allowing investments in nuclear companies based in nuclear-weapon states allied with Norway.
- The proposal will go through consultation before the government submits its conclusions to parliament for a vote next spring.
