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made first withdrawal from oil fund in January". 11 On 28 February 2007, the government transferred the Commonwealth's remaining 17 stake in Telstra, valued.9 billion, into the Fund. Oslo: Royal Norwegian Ministry of Finance.
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On the Ministry of Finance announced that 17 tobacco companies had been excluded from the fund. 14 A specific policy for the real estate investments was suggested in a report the Swiss Partners Group wrote for the Norwegian Ministry of Finance. Talent on the world stage). Unrestricted Fund Balance Above Formal Policy Requirement. "Recommendation on exclusion of the companies Rheinmetall AG and Hanwha Corp". Current revenue from the petroleum sector is estimated to be at its peak period and to decline in the future decades. 19 Some commentators, like Professor automobile Airbag Controversy Gordon. Whether the investment policy of the Petroleum Fund is ethical. At, it was valued at A122.8 billion. This reality, coupled with the desire to mitigate volatility stemming from fluctuating oil prices, motivated the creation of Norway's Oil Fund, now the Government Pension Fund-Global (GPF-G). Ethical Council of the Government Pension Fund of Norway.