Norway wealth fund urged to ease nuclear arms ban after Gaza investment row

Review prompted by Gaza action calls for Norway’s sovereign wealth fund to lift ethical risk limitations on its investments.A government-appointed committee has called for Norway’s sovereign wealth fund to lift limitations on its investments based on ethical risks, including those regarding nuclear weapons and Israel’s genocidal war on Gaza.In a report released on Thursday, the committee said the world’s largest sovereign wealth fund, which controls assets totalling nearly $2.3 trillion, should be allowed to invest in companies that produce nuclear weapons. With reference to Gaza, it also called for the fund to refrain from involvement in diplomatic issues.Recommended Stories list of 3 itemslist 1 of 3Israel has detained more than 2,000 Palestinian children since 2023: reportlist 2 of 3EU states to raise game as Arctic becomes strategic geopolitical frontierlist 3 of 3Finland shelters under French nuclear umbrella amid Russian, US uncertaintyend of listLed by former Central Bank Governor Svein Gjedrem, the committee recommended easing the fund’s investment conditions as part of a broader overhaul that would give its manager, the central bank, greater discretion over how it addresse...