Inside Norway's sovereign wealth fund dilemma to divest from Israel

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  NPR.

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  Norway.

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  It's one of the happiest countries in the world.

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  Maybe because it's also one of the wealthiest.

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  Can't hurt.

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  It's a top producer of oil and gas.

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  And since the 1990s, Norway's government has reinvested its oil money in a sovereign wealth fund.

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  Ooh, buzzwords.

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  Love a buzzword.

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  As Indicator listeners know, sovereign wealth funds are so hot right now.

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  And Norway has the largest one in the world.

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  It's currently worth around $2.3 trillion.

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  But with mo' money come mo' problems.

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  For the past year, Norway's fund has been facing a public global crisis

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  over its investments in Israel and its own ethical rules.

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  That's become a third rail for a lot of people these days.

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  Most companies and investors don't want to talk politics of any kind right now.

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  But the Israeli Hamas war and the resulting humanitarian crisis in Gaza is especially fraught.

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  Ida Voldenbacke, the head of Norway's Central Bank, in February acknowledged

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  that the war has created what she calls dilemmas about responsible investment.

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