More European Investors Oppose Norway’s Push for Arctic Oil Drilling

AI Summary

Several European financial institutions have expressed opposition to Norway's plans for Arctic oil drilling, emphasizing the priority of energy transition efforts. Stakeholders include Swedbank Robur, Sarasin & Partners LLP, and others citing environmental concerns and supply security interests.

Six more financial institutions from Northwestern Europe have voiced their opposition to plans by Norway to pursue Arctic oil drilling in a bid to boost Europe’s supply security. According to the opponents, energy transition efforts should take priority. The new opponents include Swedbank Robur Fonder AB, Sarasin & Partners LLP, French pension fund Ircantec, British West Yorkshire Pension Fund, Irish KBI Global Investors, and Swedish bank and pension fund Länsförsäkringar AB, Bloomberg reported. They join a dozen other…