World
Norway's Sovereign Wealth Fund Urged to Ease Nuclear Weapons Investment Ban
A Norwegian government-appointed committee has recommended that the country's $2.3 trillion sovereign wealth fund lift ethical-risk investment restrictions, including its ban on nuclear weapons producers and its approach to the Gaza conflict. The proposal, led by former central bank governor Svein Gjedrem, would allow investment in U.S., British and French nuclear weapons companies and push Gaza-related decisions toward normal diplomatic channels. The report has triggered political backlash in Norway and warnings from analysts about a global ripple effect.