Norway’s $1.8 trillion sovereign wealth fund is under political pressure to lift its ban on investing in defense companies, including those like Lockheed Martin. Opposition parties argue the restriction is “illogical” given today’s heightened global security threats. Tina Bru of the Conservative Party emphasized the urgent need to support Western defense industries amid rising geopolitical tensions. The fund, the largest in the world, currently excludes firms involved in cluster munitions and controversial weapons. Norges Bank Investment Management, which oversees the fund, declined to comment on any potential revisions to its ethical guidelines.
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