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Norway’s $2.3-Trillion Fund Opposes SEC Idea to Rescind Climate Reporting
The world’s biggest sovereign wealth fund, Norway’s $2.3-trillion Government Pension Fund Global, does not support the U.S. Securities and Exchange Commission’s (SEC) proposal to scrap requirements for climate-related risks and disclosures.
AI Summary
Norway’s $2.3‑trillion Government Pension Fund Global has rejected the U.S. Securities and Exchange Commission’s proposal to eliminate climate‑risk disclosure requirements. The SEC, in a May request, sought investor feedback on a plan to rescind the Final Rules that mandate climate‑related information in registration statements and annual reports. The fund’s opposition signals its continued support for mandatory climate reporting by public companies.
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