airbiscuit
Super Member
- Joined
- Aug 28, 2004
- Messages
- 5,851
- Location
- NW Wisconsin
- Tractor
- New Holland T2310, Kubota L3010 GST, New Holland TC21DA, Farmall H *** Previously - 1941 John Deere B, Shibaura SD1500, John Deere 850, Bobcat 642, New Holland 1925
Unlike our Big Oil which squeezes every nickel it can out of us, Norway invests some of its oil revenue in future generations.
From Wikipedia, the free encyclopedia
The Government Pension Fund of Norway (Norwegian: Statens pensjonsfond) comprises two entirely separate sovereign wealth funds owned by the government of Norway.
The Government Pension Fund Global, also known as the Oil Fund, was established in 1990 to invest the surplus revenues of the Norwegian petroleum sector. It has over US$1.19 trillion in assets,[1] and holds 1.4% of all of the world’s listed companies, making it the world’s largest sovereign wealth fund.[2][3] In December 2021, it was worth about $250,000 per Norwegian citizen.[1] It also holds portfolios of real estate and fixed-income investments. Many companies are excluded by the fund on ethical grounds.
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Government Pension Fund of Norway
From Wikipedia, the free encyclopedia
The Government Pension Fund of Norway (Norwegian: Statens pensjonsfond) comprises two entirely separate sovereign wealth funds owned by the government of Norway.
The Government Pension Fund Global, also known as the Oil Fund, was established in 1990 to invest the surplus revenues of the Norwegian petroleum sector. It has over US$1.19 trillion in assets,[1] and holds 1.4% of all of the world’s listed companies, making it the world’s largest sovereign wealth fund.[2][3] In December 2021, it was worth about $250,000 per Norwegian citizen.[1] It also holds portfolios of real estate and fixed-income investments. Many companies are excluded by the fund on ethical grounds.
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