Implies exactly that. If it had nothing to do with activism then 1) activism effort to influence investments failed and 2) this lends no momentum to the movement as it was a coincidence and could be changed tomorrow regardless of environmental impact.
The only way this is positive news for EA is if they spin and misrepresent it as is done here.
Strongly disagree. Markets are not rational and changes in portfolio allocation by sovereign wealth funds are likely to have a ripple effect no matter what the stated reason. If it pans out, that means fossil fuel stocks become de facto optional rather than mandatory.
No, assuming the fundamentals haven't changed oil stocks become a good investment for other entities until the price is back to where it was (assuming it's negatively affected at all).
Oil may or may not have a bright near to mid term financial future, but Norway's move is either virtue signaling at the national level or diversification of a portfolio that's too heavily invested in that sector. In itself it won't change the oil market one iota.
Implies exactly that. If it had nothing to do with activism then 1) activism effort to influence investments failed and 2) this lends no momentum to the movement as it was a coincidence and could be changed tomorrow regardless of environmental impact.
The only way this is positive news for EA is if they spin and misrepresent it as is done here.