Norway seeks ethical way to use oil wealth

  • 20/12/1998

  • Financial Times (London)

Norway led by Protestant priest as prime minister, has been struggling to use its oil wealth for lofty goals. This year it failed in getting approval to ban tobacco investments from its NKr183bn oil fund. In a second defeat, the government lost its proposal to use its shareholder voting rights among the more than 2,000 companies it invests in to promote human rights and environmental issues.