Norway’s Wealth Fund Blacklists Major Energy and Commodity Players Over ESG Concerns

Olivia Caddy, a partner in Bracewell’s London office, spoke with Global Trade Review about Norges Bank Investment Management’s decision to exclude major commodity and energy players from the country’s wealth fund over environmental, social and governance (ESG) concerns. The decision is a pressing reminder that making the transition to cleaner energy “remains a key development which the energy sector needs to continue to focus on,” said Caddy.

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