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.

The SEC in May requested input from investors about a proposal to rescind the Final Rules requiring registrants to provide certain climate-related information in their registration statements and annual reports.

Norway’s Government Pension Fund Global (GPFG), which is commonly referred…