Another big step has been taken to end the hydrocarbon era, if the decision by Norway’s sovereign wealth fund to dump oil stocks and investments is a sign on the wall. After the news broke, “fossil free” NGOs and others declared the Norwegian SWF Government Pension Fund (or “Oil Fund”) decision to divest as a major victory for the Green Movement. Norway’s official reaction is, however, that the pension fund has chosen to divest its oil and gas related stocks the coming years due to financial considerations. No…
