Norway’s government is being pushed to rethink ‘illogical’ ethical ban on its $1.8 trillion sovereign wealth fund investing in defense

Quick Summary:

"We are currently facing the most serious security crisis since World War II," Tina Bru of Norway’s Conservation party told Fortune.

If the rearmament plan were to be implemented, countries in the 27-member European Union, which Norway has long been vying to join, would have to ramp up defense spending to 1.5% of their GDP on average.

The Norwegian sovereign fund, led by CEO Nicolai Tangen, is the world’s largest of its kind and has overseen where Norway pours its investments over the last 27 years.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Prarthana Prakash

Category: EconomyBusiness

Markets: United StatesNorway

Topics: weapons Fortune 500 Europe Europe Norway European Union and defense Editor's Picks Arms Defense

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-02 @ 11:28:38 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 583 words

Reading Time: 4 minutes read

Sentences: 5 lines

Sentence Length: 117 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27539048

View Article Analysis

About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 26 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #95

Publisher Details

Frequently Asked Questions