Norway may let its wealth fund invest in nuclear weapons makers

The proposal

A government-appointed commission proposed on Thursday that the 2 trillion euro fund may invest in arms makers based in a recognised nuclear-weapon state that is also a NATO ally of Norway.

Among the 14 companies excluded today

• Airbus
• BAE Systems
• Boeing
• Lockheed Martin
• Safran

The fund now excludes 14 companies for their work on nuclear weapons, including Airbus, BAE Systems, Boeing, Lockheed Martin and Safran.

“The Norwegian fund cannot invest in companies that could be crucial for Norway's security,” said Finance Minister Jens Stoltenberg, calling it a paradox.

— Jens Stoltenberg, finance minister

End of public consultation, Norway

Bans on chemical and biological arms, landmines, cluster bombs, coal and tobacco would stay, and the proposals are open to public consultation until Jan 15, 2027.