Norway's sovereign wealth fund plans to lift the investment ban on arms manufacturers.
Norway's sovereign wealth fund has reached 1.8 trillion dollars, with long-term restrictions on investing in specific arms manufacturers. Due to the current rise in global geopolitical risks, Norway's Conservative Party is calling for the lifting of this ban, arguing that investment in the Western defense industry should be expanded to enhance security. Conservative Party Vice Chairman Bru stated that it is unreasonable for the government to prohibit the fund from investing in companies that produce nuclear weapons and cluster munitions while simultaneously using weapons from these companies. The Norwegian sovereign fund has prohibited investments in certain military-industrial companies since the 2000s, and most ESG criteria do not consider military stocks; however, recent trends seem to indicate a shift.