Norway's $1.4 trillion sovereign wealth fund, one of the world's largest investors, said on Saturday it will vote against a resolution calling on British oil major BP to adopt tougher greenhouse gas targets.
Logo of British Petrol BP is seen e at petrol station in Pienkow, Poland, June 8, 2022. REUTERS/Kacper PempelOSLO, April 22 - Norway's $1.
But the fund also says that while it sometimes votes in favour of environmental, social and governance proposals put forward by activist groups, it carefully judges each case on its merits. The fund, itself built on oil and gas revenue, owned 2.73% of BP's shares worth some $2.8 billion at the end of 2022, the most recent available data.
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