Norway's $1 Trillion Wealth Fund Moves a Bit Closer to Oil Exit

Norway’s $1 trillion sovereign wealth fund cleared a hurdle on its proposed path to exiting oil and gas stocks.

The fund won support from key academics at Norway’s top universities, whose responses are part of a hearing process. But more weight will likely be given to the opinion of an expert group, which will give its view later this year before the government and parliament decides.