Norway’s central bank chief, Ida Wolden Bache, suggested on February 13 that the country’s $1.8 trillion sovereign wealth fund reconsider its ban on investing in arms manufacturers, including Lockheed Martin. She argued that the fund’s ethical guidelines, established in 2004, may need to adapt to a shifting geopolitical landscape marked by military rearmament. The proposal has sparked debate, with Norway’s opposition Conservative Party supporting a review of restrictions on defense investments. Any changes would require careful evaluation to balance security interests with maintaining public trust in the fund. The discussion reflects broader shifts in Europe’s approach to military funding amid rising global tensions.
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