Norway’s Parliament is expected to approve later on Wednesday plans by the government’s US$1-trillion fund—the world’s biggest sovereign wealth fund—to divest from oil and gas exploration companies in a landmark decision that could impact future investor attitude toward fossil fuels. After months of deliberations, Norway’s government proposed in March that the Government Pension Fund Global, as the so-called ‘oil fund’ is officially known, divest from 134 companies classified by the index provider FTSE Russell as belonging to the exploration and production subsector. As at the end of 2018, the Norwegian fund held ... (full story)