Norway’s Opposition Wants to Treat $1 Trillion Wealth Fund as Political Tool
- Labor leader: we should admit wealth fund is ‘political tool’
- Comments threaten consensus on fund among major parties
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The leader of Norway’s biggest opposition party wants his country to start treating its $1 trillion wealth fund as a political tool, setting the stage for a more activist role for the giant investor.
The comments by Labor Party leader Jonas Gahr Store mark a change in rhetoric for Norway’s biggest political group and go against the consensus among the largest parliamentary parties. Labor’s next stab at returning to government will come in 2021, when the country is due to hold elections.