Pensjonsfondet
Pensjonsfondet, often translated as the "pension fund," refers to a significant investment vehicle managed by the Norwegian government. Its primary purpose is to secure the financial future of the nation by investing oil and gas revenues for future generations. The fund operates as a sovereign wealth fund, meaning it holds assets on behalf of the state.
The Norwegian government established the fund in 1990, initially known as the Government Petroleum Fund. It
A key principle guiding Pensjonsfondet's management is a strict ethical investment framework. The fund divests from
The wealth generated by Pensjonsfondet is intended to supplement government budgets in the future, particularly as