Norway’s oil fund to invest more in renewable energy

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The Norwegian government will double the framework for the oil fund’s investments related to renewable energy, to the delight of the country’s environmentalists, news agency NTB reported Saturday.

The upper limit for these investments is doubled from 60 billion kroner (6.9 billion U.S. dollars) to 120 billion kroner (13.9 billion U.S. dollars).
A special upper limit for investments in unlisted infrastructure for renewable energy is set for 2 percent of the fund….

An excerpt from Xinhuanet