Norway Wealth Fund Divestment Draws GOP Senator McCormick’s Ire

The article discusses the reaction of Republican Senator Dave McCormick to the decision by Norway's sovereign wealth fund to divest from the American company Caterpillar Inc. McCormick, an ally of former President Donald Trump, has urged the White House to consider imposing tariffs and restricting Norway's access to the US markets in response to this move. The Norwegian sovereign wealth fund, which is one of the largest in the world, has decided to divest from the Texas-based Caterpillar Inc. as part of its efforts to reduce its exposure to companies involved in the fossil fuel industry. This decision has drawn the ire of Senator McCormick, who sees it as a threat to American businesses and the US economy. The article suggests that the dispute between Norway and the US over the divestment decision could escalate, with the potential for retaliatory measures from the US government against Norway's access to American markets.

Sep 5, 2025 → Sep 5, 2025