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Stoltenberg Accused of Undermining Norway's Oil Fund's Ethics - Norway's News in English — www.newsinenglish.no

Summary
UPDATED: Norwegian Finance Minister Jens Stoltenberg faced widespread criticism from his own allies in Parliament on Tuesday, who accused him of undermining the investment ethics he helped establish for Norway’s Oil Fund when he was prime minister more than two decades ago. The former Labour Party leader still wanted to change the fund’s ethical investment […] The post Stoltenberg accused of undermining Norway’s Oil Fund’s ethics appeared first …
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The Norwegian Labour government has proposed changes to the oil fund's code of conduct. A proposal has been submitted to parliament that the fund's ethics committee stop making recommendations on companies that should not be invested in while changes are being made. The committee has been tasked with investigating companies in which the fund has invested and then recommending that investments in companies that do not comply with the code of cond…

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No more ethics(advice), please. For now. What is really going on?

·Oslo, Norway
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Labour wants a break for the oil fund's Ethics Council – gets support from H, Frp, KrF and Sp Today, the Storting will consider and debate several proposals for ethics rules in the oil fund. The Labour Party is in favor of putting the Ethics Council "on hold" until new ethical rules are in place. - When the world has changed, it is necessary to consider the design of the ethical framework for the pension fund, says Tuva Moflag, head of the Fina…

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Red reacts to the fact that the Labor Party can agree with the Norwegian People's Party and the Conservative Party on guidelines for the oil fund and set the Council on Ethics aside until new rules are in place.

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According to DN's sources, it is likely that the Labour Party will secure a majority with the Frp, Høyre and Sp on how to protect the Petroleum Fund against unfortunate withdrawals while work on new guidelines is ongoing.

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www.dn.no broke the news in on Monday, November 3, 2025.
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