Norway’s government is being pushed to rethink ‘illogical’ ethical ban on its $1.8 trillion sovereign wealth fund investing in defense

However, as Europe enters a new era of fending for itself on all matters, including security, its two opposition political parties are urging the Norwegian government to reconsider its ban on such industries.

“We are currently facing the most serious security crisis since World War II. There is an urgent need for increased investment in the Western defense industry to safeguard our own security and that of our allies,” Tina Bru, deputy leader of Norway’s Conservation party, told Fortune in an email.

https://fortune.com/europe/2025/04/02/norway-sovereign-wealth-fund-illogical-ethical-ban-defense-weapons/