World’s Top Sovereign Wealth Fund Seeks More Climate Disclosure From Shell

Norway’s $1.66-trillion sovereign wealth fund, the world’s biggest, is encouraging UK-based supermajor Shell to shed more light on its eased climate targets. The fund, which is commonly referred to as ‘Norway’s oil fund’ because it was created with oil and gas revenues, is a shareholder in many large companies in the world, including Big Oil, and has the power to influence other investors with its investment decisions. As of the end of 2023, Government Pension Fund Global, as the fund is officially known, held…