Norwegian Fund May Restart Nuclear Stocks

The Norwegian government, along with a specialized committee, is studying the possibility of re-allowing the Norwegian Sovereign Wealth Fund, the largest in the world, to invest in nuclear weapons manufacturers, following a recently proposed suggestion. Currently, under its ethical guidelines, the fund is prohibited from investing in 14 companies involved in the development or production of nuclear weapons, including major firms such as Airbus, BAE Systems, Boeing, Lockheed Martin, and Safran. According to the proposal, the investment fund would be permitted to return to investing in nuclear weapons companies on the condition that these companies are based in countries that possess nuclear weapons according to the Non-Proliferation Treaty and are allied with Norway. This move comes amid increasing nuclear threats from Russia and China. The proposals have faced criticism from some political parties, especially the left-wing, citing ethical and security risks. The recommendations will undergo consultations before being presented to Parliament for a vote expected in the upcoming spring.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article