Norway Leader Rebukes US Senator Graham’s Criticism of $2 Trillion Fund
Norway's Prime Minister has responded to criticism from US Senator Lindsey Graham regarding the country's sovereign wealth fund's divestment from Caterpillar Inc. The Prime Minister's office stated that the government has no involvement in the fund's investment decisions. Senator Graham had expressed anger over the fund's decision to divest from Caterpillar, a major US manufacturer. However, the Prime Minister emphasized that the fund operates independently and makes its own choices based on its investment strategy and ethical guidelines. The sovereign wealth fund, known as the Government Pension Fund Global, is one of the largest in the world and has been a subject of debate regarding its environmental and social impact. The Prime Minister's response aimed to clarify the fund's autonomy and the government's non-interference in its investment activities.
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