Proposed ethics shift may permit oil fund to back nuclear weapons
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A new report on the ethical framework of the sovereign wealth fund suggests it should be permitted to invest in companies producing nuclear weapons. The proposal also recommends restricting the powers of the fund's ethics council and allowing it to withhold details of its evaluations. Members of the Storting are reacting with the expected level of friction.
The country’s trade surplus reached 105 billion NOK, its highest level in a year, though the Oslo Stock Exchange ended the day in the red. In the supermarket aisles, Rema 1000 is cutting 130 support staff; the company describes the layoffs as a restructuring aimed at lowering prices for consumers.
The Sami Parliament has lost another legal case against the state, continuing a reliable streak of judicial defeats. Elsewhere, hospital staff are reportedly resigning in significant numbers, citing a culture of fear and a workload that has moved past sustainable. In the courts, the Supreme Court ordered a reconsideration of an overtime dispute, reminding employers that verbal agreements require evidence.