Norway's historic suspension of the sovereign wealth fund's ethical guidelines allows it to retain its investments in American tech giants

The Norwegian Parliament voted to suspend its policy of divesting its $2.1 trillion sovereign wealth fund for "ethical" reasons, while also revising related rules. This move marks a historic moment for the world's largest sovereign wealth fund and fundamentally questions its ESG strategy. The Norwegian Labour Party government relied on votes from the conservative opposition to push the resolution through, which will allow the fund to retain shares in tech giants like Microsoft and Amazon. Under existing regulations, the ties of these companies to the Israel-Gaza war should have compelled the fund to divest