Norway's sovereign wealth fund's Exxon paradox

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The Norwegian sovereign wealth fund responded by increasing its share in the company - and putting its climate credibility at risk, writes <strong>Diego Alexander Foss</strong>" /> <meta property="og:site_name" content="Environmental Finance" /> <meta property="og:title" content="Norway's sovereign wealth fund's Exxon paradox" /> <meta property="og:image" content="https://www.environmental-finance.com/assets/images/intros/88753-intro.jpg" /> <meta property="og:url" content="https://www.environmental-finance.com/content/analysis/norways-sovereign-wealth-funds-exxon-paradox.html" /> <link rel="apple-touch-icon" sizes="180x180" href="assets/images/icons/apple-touch-icon.png"> <link rel="icon" type="image/png" sizes="32x32" href="assets/images/icons/favicon-32x32.png"> <link rel="icon" type="image/png" sizes="16x16" href="assets/images/icons/favicon-16x16.png"> <link rel="manifest" href="assets/images/icons/site.webmanifest"> <link rel="mask-icon" href="assets/images/icons/safari-pinned-tab.svg" color="#005b65"> <link rel="shortcut icon" href="assets/images/icons/favicon.ico"> <meta name="msapplication-TileColor" content="#ffffff"> <meta name="msapplication-config" content="assets/images/icons/browserconfig.xml"> <meta name="theme-color" content="#ffffff"> <link rel="preconnect" href="https://fonts.googleapis.com"> <link rel="preconnect" href="https://fonts.gstatic.com" crossorigin> <link href="https://fonts.googleapis.com/css2?family=Bitter&display=swap" rel="stylesheet"> <link href="https://fonts.googleapis.com/css2?family=Open+Sans:ital,wght@0,300;0,400;0,500;0,600;0,700;0,800;1,300;1,400;1,500;1,600;1,700;1,800&display=swap" rel="stylesheet"> <link href="https://fonts.googleapis.com/css?family=Material+Icons|Material+Icons+Outlined" rel="stylesheet"> <link rel="stylesheet" href="https://cdn.jsdelivr.net/npm/@mdi/font@latest/css/materialdesignicons.min.css"> <link rel="stylesheet" href="https://cdnjs.cloudflare.com/ajax/libs/font-awesome/6.1.0/css/all.min.css" integrity="sha512-10/jx2EXwxxWqCLX/hHth/vu2KY3jCF70dCQB8TSgNjbCVAC/8vai53GfMDrO2Emgwccf2pJqxct9ehpzG+MTw==" crossorigin="anonymous" referrerpolicy="no-referrer" /> <link rel="stylesheet" href="https://fgmedia-public-assets.s3.eu-west-2.amazonaws.com/css-framework/1.2.0/main.css" /> <link rel="stylesheet" href="assets/css/custom.css">  <script>(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-K5SC8PN');</script>   <script async src="https://securepubads.g.doubleclick.net/tag/js/gpt.js"></script> <script type='text/javascript'> window.googletag = window.googletag || {cmd: []}; googletag.cmd.push(function () { googletag.defineSlot('/20145196/EF-home-mobile-leader', [320, 50], 'div-gpt-ad-1370191008681-4').addService(googletag.pubads()); googletag.defineSlot('/20145196/EF-home-mpu1', [300, 250], 'div-gpt-ad-1370191008681-5').addService(googletag.pubads()).setCollapseEmptyDiv(true); googletag.defineSlot('/20145196/EF-home-mpu2', [300, 250], 'div-gpt-ad-1370191008681-6').addService(googletag.pubads()).setCollapseEmptyDiv(true); googletag.defineSlot('/20145196/EF-home-standard-leader', [728, 90], 'div-gpt-ad-1370191008681-7').addService(googletag.pubads().setTargeting("company", "NBIM")); googletag.defineSlot('/20145196/EF-guide-leader', [728, 90], 'div-gpt-ad-1683646248090-0').addService(googletag.pubads().setTargeting("company", "")); googletag.defineSlot('/20145196/EF-guide-mobile-leader', [320, 50], 'div-gpt-ad-1683646387161-0').addService(googletag.pubads().setTargeting("company", "")); googletag.pubads().enableSingleRequest(); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); }); </script> <script> const mediaWidth = screen.width; const docTemplate = "3"; let company = docTemplate == 92 ? 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Norway's sovereign wealth fund's Exxon paradox :: Environmental Finance