The oil stock divestment plan is a milestone for Norway, western Europe’s biggest oil-producing country, and the global investment community. (Photo: Bloomberg)

Norway's $1 Trillion Fund Wins Go-Ahead for Oil Stock Divestment

(Bloomberg) -- Norway’s $1 trillion sovereign wealth fund got the green-light to dump more than $13 billion in stocks linked to fossil fuels as well as a broad range of emerging-market bonds.