VIKINGS VS. WOLVES, THE BATTLE OF FINANCE
Director(s): Fredrik HORN AKSELSEN – Writer(s): Asle SKREDDERBERGET, Fredrik HORN AKSELSEN Contact Print page
The world is faced with unprecedented challenges: food and water shortage, the effects of climate change, mass migration and instability. Democratic values are under pressure.
Thus far, international finance has been seen as part of the problem due to markets driven by their appetite for short-term gain. Capitalism is under considerable stress today as the financial crisis of 2008 has shown. Many admit, that there is no public budget that can solve our needs when it comes to investment in renewable energy... So, could finance become part of the solution?
The traders working for the Norwegian oil fund believe so. As the world’s largest state-owned sovereign wealth fund, the Norwegian Oil Fund, owned by the people of Norway, was set up for future generations and has to respect ethical guidelines. The fund owns 1.5% of the world's stocks, with stakes in 9000 companies worldwide.
Instead of observing the short-term tyranny of regular business, the fund is politically mandated to invest by looking decades ahead in order to address coming energy challenges...
News, 5 April 2019: Norway’s government gave the go-ahead for its fund (...) to invest billions of dollars in renewable energy projects that are not listed on stock markets. Click here to read the full article in The Guardian.
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