By , Norway’s parliament agreed in June 2019 to toughen existing limits on coal investments by the world’s largest wealth fund by excluding companies that mined more than 20 million tonnes of coal a year or generated more than 10 gigawatts of power from coal.The fund held stocks worth $1.6 billion in such companies at the end of 2019, according to fund data. Wednesday’s announcement is the first to show the tougher rules being applied.The fund, set up in 1996 to save Norway’s oil revenues for future generations, now holds about 1.5% of globally listed shares and its decisions are often...…By , Norway’s parliament agreed in June 2019 to toughen existing limits on coal investments by the world’s largest wealth fund by excluding companies that mined more than 20 million tonnes of coal a year or generated more than 10 gigawatts of power from coal.The fund held stocks worth $1.6 billion in such companies at the end of 2019, according to fund data. Wednesday’s announcement is the first to show the tougher rules being applied.The fund, set up in 1996 to save Norway’s oil revenues for future generations, now holds about 1.5% of globally listed shares and its decisions are often...WW…

Register now for FREE unlimited access to Reuters.comOSLO, April 14 (Reuters) - Brazil must demonstrate it can reduce the ongoing deforestation in the Amazon before Norway will resume payments in support of preserving the world’s largest rainforest, the Norwegian environment minister told Reuters.Norway worked closely with Brazil to protect the vulnerable ecosystem between 2008 and 2018, paying $1.2 billion into the Amazon Fund, which pays Brazil to prevent, monitor and combat deforestation. Oslo has by far been the biggest donor.But has surged since Brazil’s right-wing President Jair...…Register now for FREE unlimited access to Reuters.comOSLO, April 14 (Reuters) - Brazil must demonstrate it can reduce the ongoing deforestation in the Amazon before Norway will resume payments in support of preserving the world’s largest rainforest, the Norwegian environment minister told Reuters.Norway worked closely with Brazil to protect the vulnerable ecosystem between 2008 and 2018, paying $1.2 billion into the Amazon Fund, which pays Brazil to prevent, monitor and combat deforestation. Oslo has by far been the biggest donor.But has surged since Brazil’s right-wing President Jair...WW…

Norwegian flags flutter at Karl Johans street in Oslo, Norway, May 31, 2017. REUTERS/Ints Kalnins/File Photo/File PhotoRegister now for FREE unlimited access to Reuters.comOSLO, April 16 (Reuters) - Norway, which shares a short border with giant neighbour Russia, said on Friday it has signed a revised agreement with the United States on how to regulate U.S. military activity on its soil.The agreement between the two NATO allies will let the U.S. build facilities at three Norwegian airfields and one naval base, but will not amount to separate U.S. bases, the government said.The deal made by...…Norwegian flags flutter at Karl Johans street in Oslo, Norway, May 31, 2017. REUTERS/Ints Kalnins/File Photo/File PhotoRegister now for FREE unlimited access to Reuters.comOSLO, April 16 (Reuters) - Norway, which shares a short border with giant neighbour Russia, said on Friday it has signed a revised agreement with the United States on how to regulate U.S. military activity on its soil.The agreement between the two NATO allies will let the U.S. build facilities at three Norwegian airfields and one naval base, but will not amount to separate U.S. bases, the government said.The deal made by...WW…

By OSLO (Reuters) - Norway will block Rolls-Royce from selling a Norwegian maritime engine maker to a Russian company on national security grounds, its justice minister told parliament on Tuesday.The blocking of the deal is a blow for Rolls-Royce, which is aiming to raise 2 billion pounds ($2.76 billion) from disposals by 2022 as part of plans to recover from the pandemic.Based on Norway’s west coast, and owned by Britain’s Rolls-Royce for more than 20 years, Bergen Engines supplies NATO member Norway’s navy as well as the global shipping industry.Norway on March 9 said it had temporarily...…By OSLO (Reuters) - Norway will block Rolls-Royce from selling a Norwegian maritime engine maker to a Russian company on national security grounds, its justice minister told parliament on Tuesday.The blocking of the deal is a blow for Rolls-Royce, which is aiming to raise 2 billion pounds ($2.76 billion) from disposals by 2022 as part of plans to recover from the pandemic.Based on Norway’s west coast, and owned by Britain’s Rolls-Royce for more than 20 years, Bergen Engines supplies NATO member Norway’s navy as well as the global shipping industry.Norway on March 9 said it had temporarily...WW…

By , OSLO (Reuters) - Three health workers in Norway who had recently received the AstraZeneca COVID-19 vaccine are being treated in hospital for bleeding, blood clots and a low count of blood platelets, Norwegian health authorities said on Saturday.Norway halted the rollout of the AstraZeneca vaccine on Thursday, following a similar move by Denmark. Iceland later followed suit.“We do not know if the cases are linked to the vaccine,” Sigurd Hortemo, a senior doctor at the Norwegian Medicines Agency told a news conference held jointly with the Norwegian Institute of Public Health.All three...…By , OSLO (Reuters) - Three health workers in Norway who had recently received the AstraZeneca COVID-19 vaccine are being treated in hospital for bleeding, blood clots and a low count of blood platelets, Norwegian health authorities said on Saturday.Norway halted the rollout of the AstraZeneca vaccine on Thursday, following a similar move by Denmark. Iceland later followed suit.“We do not know if the cases are linked to the vaccine,” Sigurd Hortemo, a senior doctor at the Norwegian Medicines Agency told a news conference held jointly with the Norwegian Institute of Public Health.All three...WW…

By , OSLO (Reuters) - U.S. voting rights activist and Democratic Party politician Stacey Abrams has been nominated for this year’s Nobel Peace Prize for her work to promote nonviolent change via the ballot box, a Norwegian lawmaker said on Monday.Abrams, whose work was credited with boosting voter turnout last year, helping Joe Biden win the U.S. presidency, joins a long list of nominees, including both former President Donald Trump and his son-in-law, former White House adviser Jared Kushner.“Abrams’ work follows in Dr. Martin Luther King Jr.’s footsteps in the fight for equality before...…By , OSLO (Reuters) - U.S. voting rights activist and Democratic Party politician Stacey Abrams has been nominated for this year’s Nobel Peace Prize for her work to promote nonviolent change via the ballot box, a Norwegian lawmaker said on Monday.Abrams, whose work was credited with boosting voter turnout last year, helping Joe Biden win the U.S. presidency, joins a long list of nominees, including both former President Donald Trump and his son-in-law, former White House adviser Jared Kushner.“Abrams’ work follows in Dr. Martin Luther King Jr.’s footsteps in the fight for equality before...WW…

By , OSLO (Reuters) - Norway will impose fresh restrictions to prevent a resurgence in the spread of the coronavirus, Prime Minister Erna Solberg said on Sunday, including a nationwide ban on serving alcohol in restaurants and bars and not inviting guests home.The Nordic country has seen a rise in cases over the past month and now estimates its R number - which represents the average number of people that one infected person will pass the virus on to - stands at 1.3.“We see more signs of a new wave of infections,” Solberg told a news conference, citing Christmas and New Year’s Eve...…By , OSLO (Reuters) - Norway will impose fresh restrictions to prevent a resurgence in the spread of the coronavirus, Prime Minister Erna Solberg said on Sunday, including a nationwide ban on serving alcohol in restaurants and bars and not inviting guests home.The Nordic country has seen a rise in cases over the past month and now estimates its R number - which represents the average number of people that one infected person will pass the virus on to - stands at 1.3.“We see more signs of a new wave of infections,” Solberg told a news conference, citing Christmas and New Year’s Eve...WW…

By , OSLO (Reuters) - Norway proposed on Thursday to temporarily ease tax rules for oil firms to try to prevent a collapse in investments due to the coronavirus pandemic and a related collapse in crude prices.The plan could boost the liquidity of oil companies by as much as 100 billion Norwegian crowns ($9.7 billion) over 2020 and 2021, Prime Minister Erna Solberg said.The companies will be allowed to write-off investments more quickly, effectively postponing tax payments until later years.Norway is western Europe’s biggest oil and natural gas producer, and represents about 2% of global...…By , OSLO (Reuters) - Norway proposed on Thursday to temporarily ease tax rules for oil firms to try to prevent a collapse in investments due to the coronavirus pandemic and a related collapse in crude prices.The plan could boost the liquidity of oil companies by as much as 100 billion Norwegian crowns ($9.7 billion) over 2020 and 2021, Prime Minister Erna Solberg said.The companies will be allowed to write-off investments more quickly, effectively postponing tax payments until later years.Norway is western Europe’s biggest oil and natural gas producer, and represents about 2% of global...WW…