Norway fund's green shift may unsettle Reliance, ONGC, Indian Oil, Oil India3 min read 13 Mar 2019, 01:30 AM IST
Norway GPFG has invested $658 million in RIL ($485.19 million), ONGC ($108.74 million), Indian Oil ($61.6 million) and Oil India ($2.03 million)
Norway GPFG's decision to stop investing in oil and gas comes in the backdrop of uncertainty in oil markets and focus on renewable energy and climate change
New Delhi: The decision of the world’s largest sovereign wealth fund to stop investing in oil and gas explorers globally may affect Indian companies, such as Reliance Industries Ltd (RIL), Oil and Natural Gas Corp. Ltd (ONGC), Indian Oil Corp. Ltd (IOC) and Oil India Ltd (OIL), where the $1 trillion fund has made investments.
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