It seems perverse for Norway (pensions or SWF) to invest in fossil fuels of any kind. They have oil, so other investments should be at least diversified away fr

It seems perverse for Norway (pensions or SWF) to invest in fossil fuels of any kind. They have oil, so other investments should be at least diversified away from oil, or optimally with some significant element of renewable energy. In that way, they can stabilize future returns to the whole country and reduce the financial risk of a political escalation against carbon.