Norway urged to scrap ban on $1.8 trillion wealth fund investing in weapons makers

Norway’s government is facing pressure to allow its $1.8 trillion sovereign wealth fund to invest in defense firms, with the Conservative party calling the ban on such investments “illogical” in the current security landscape. The Government Pension Fund Global has been restricted from investing in companies involved in nuclear weapons and other controversial activities since the early 2000s. Amid growing security concerns, the Conservative party is urging Prime Minister Jonas Gahr Støre to revise the fund’s ethical guidelines to support increased investment in the defense industry to protect Norway and its allies.

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