Tag Archives: Fund

World's biggest sovereign fund to dump oil and gas stocks: Norway

World's biggest sovereign fund to dump oil and gas stocks: NorwayNorway’s sovereign wealth fund, the world’s biggest and which is fuelled by petrodollars, will divest its oil and gas holdings to reduce its exposure to the oil sector, the Norwegian government announced on Friday. While the decision is based solely on financial considerations and not on the environment or climate change, a divestment by an investor worth more than $ 1 trillion will undoubtedly be seen as a major blow to polluting fossil fuels. The government of Norway, the biggest hydrocarbon producer in western Europe, said it would exclude companies classified as exploration and production companies from the fund.



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Venezuela opposition plans to get oil money from U.S. fund

Venezuela opposition plans to get oil money from U.S. fundThe fund would receive income accrued by state-run oil firm PDVSA’s U.S. unit Citgo Petroleum Corp since last month, when U.S. President Donald Trump recognized Juan Guaido as Venezuela’s legitimate head of state, opposition legislator Carlos Paparoni told Reuters. Guadio, head of Venezuela’s National Assembly, last month declared himself to be the South American country’s interim ruler.



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Venezuelan opposition readies U.S. fund to receive oil revenue

Venezuelan opposition readies U.S. fund to receive oil revenueThe fund would receive income accrued by state-run oil firm PDVSA’s U.S. unit Citgo Petroleum Corp since last month, when U.S. President Donald Trump recognized opposition leader Juan Guaido as Venezuela’s legitimate head of state, Carlos Paparoni said in an interview. Citgo, the eighth-largest U.S. refiner and Venezuela’s top foreign asset, is in the middle of a tug of war as the Trump administration has made aggressive moves to remove it from Maduro’s control. Following a U.S. decision to impose sanctions on Venezuela’s oil industry last week, Guaido and the Trump administration have sought to appoint a new board of directors for Citgo.



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Obama Spoke at Boeing Retreat After Firm Gave Millions to Library Fund

Obama Spoke at Boeing Retreat After Firm Gave Millions to Library FundGeorge W. Bush addressed the group last year, said people familiar with the matter. Obama dropped in on the leadership sessions while traveling back to the mainland from his year-end holiday in Hawaii, and Arizona’s top-notch golf courses were part of the allure. The former president waived his speaking fee for the informal address, said Katie Hill, Obama’s spokeswoman.



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Donald Trump can fund the border wall without congressional approval

Donald Trump can fund the border wall without congressional approvalThe border wall will be built only if Donald Trump uses executive power to do it. He has the funds available and the authority to build the wall.



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Trump Ordering His Cabinet To Search For Spare Change To Fund His Wall

Trump Ordering His Cabinet To Search For Spare Change To Fund His WallWASHINGTON — Frustrated that neither Mexico nor Congress will pay for his



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San Francisco Passes Tech Tax To Fund Homelessness Services

San Francisco Passes Tech Tax To Fund Homelessness ServicesSan Francisco voters have passed Proposition C after a heated campaign to tax



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How Blackstone Landed $20 Billion From Saudis for New Fund

How Blackstone Landed $  20 Billion From Saudis for New FundOne way Blackstone agreed to do just that: For every dollar that any other investor pays the asset manager to oversee its cash, Saudi Arabia gets to pay 15 cents less. In exchange, the Saudis will match other investors’ deposits in the fund.



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Mark Peterson awarded 2018 W. Eugene Smith Memorial Fund Grant in Humanistic Photography

Mark Peterson awarded 2018 W. Eugene Smith Memorial Fund Grant in Humanistic PhotographyThe W. Eugene Smith Memorial Fund announced on Wednesday evening, Oct. 17, that Mark Peterson is the recipient of this year’s $ 35,000 Grant in Humanistic Photography for his project, The Past Is Never Dead. Selected from a talented group of nine finalists, Peterson looks at the organizations, political parties and candidates bringing the message of white supremacy to the halls of various state and local governments. …



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Duncan Hunter Calls Campaign Fund Abuse Charges 'Pure Politics' and Says His Wife Handled Their Finances

Duncan Hunter Calls Campaign Fund Abuse Charges 'Pure Politics' and Says His Wife Handled Their FinancesHunter and his wife pleaded "not guilty" to charges of campaign fund abuse



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