Labor Gains Majority to Block New Oil Fund Rules
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Oil Fund Rule Changes Face Potential Roadblock in Parliament
Political Opposition Threatens Government Plans
Proposed new regulations governing the investment strategy of Norway’s Government Pension Fund Global, often referred to as the Oil Fund, are encountering important opposition in the Norwegian parliament (Stortinget). A majority of parliamentary representatives-comprising the Labour Party, the Center Party, and the Socialist Left-indicate they will vote against the government’s proposals, according to reports from
