The future in our hands is critical to the fact that the government has not specified a specific goal of zero emissions for the Petroleum Foundation. -Absolutely unbelievable, especially after Storting explicitly asked them to consider, leader Anja Bakken Riise said.
On Friday, Finance Minister Jan Tore Sanner (H) submitted an annual report to Storting on the Petroleum Fund.
He suggested that, among other things, the number of companies that the fund can invest in will be reduced from about 8,800 to about 6,600.
The future of our head Anja Bakken Riise is disappointed by this news. She had hoped to send a clearer climate signal to the Petroleum Foundation.
-Riise said in the comments that at present, the oil fund has become a climate sinker.
-The government has not even set a goal of zero net greenhouse gas emissions for the fund by 2050, which is absolutely incredible, especially after the Parliament has explicitly asked them to consider this. Riise said even large investors like Blackrock and JP Morgan Chase have set such goals.
The Minister of Finance emphasized that he will work to analyze the climate risks in the oil fund before submitting a report to Parliament next year.
Last year, most members of the Stotting Finance Committee asked the government to assess whether the fund should meet the goal of climate neutrality. This happened during the deliberation of the report submitted to the Petroleum Foundation Parliamentary Report in December last year.
Most people in the Finance Committee (except Frp) subsequently pointed out that some of the world’s large institutional investors have set themselves goals for achieving a long-term neutral climate investment portfolio.
The statement said: “Most people agree that the government will assess whether the global government pension fund should set similar targets in due course.” Committee’s recommendations.
Riise believes that by transferring funds to companies that contribute to solving the climate challenge, oil funds can become part of the solution to the climate crisis.
Riiser said: “To keep global warming below one and a half degrees Celsius is the responsibility of the Petroleum Foundation.”
In February, the Ministry of Finance established a panel of experts led by Martin Skancke to assess how green transition and climate change will affect the oil fund. Former Treasury Secretary Kristin Halvorsen (Kristin Halvorsen) is also a member.
In March, the Ministry of Health A task Go to Norges Bank to study the climate risk of the fund. The Finance Minister has now stated that he will thoroughly review the climate risk of the fund before it is announced next year.