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1 week ago | 
bloomberg.com | Kari Lundgren
Norway’s capital is known for its green policies and widespread adoption of electric vehicles. Why does the city still struggle with air pollution?
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3 weeks ago | 
financialpost.com | Kari Lundgren
Norway’s 86 billion kroner ($8.1 billion) Johan Castberg oil development in the Barents Sea has started pumping, the second major field to begin operations in the country’s Arctic waters. (Bloomberg) — Norway’s 86 billion kroner ($8.1 billion) Johan Castberg oil development in the Barents Sea has started pumping, the second major field to begin operations in the country’s Arctic waters.
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3 weeks ago | 
bloomberg.com | Kari Lundgren
Norway’s 86 billion kroner ($8.1 billion) Johan Castberg oil development in the Barents Sea has started pumping, the second major field to begin operations in the country’s Arctic waters. The project, developed by Equinor ASA and partner Var Energi ASA, will reach peak production of about 220,000 barrels of oil a day, Equinor said in a statement on Monday. The cost of the development should be covered in less than two years, with the field’s productive lifetime expected to extend for 30 years.
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3 weeks ago | 
bloomberg.com | Kari Lundgren
Thanks for reading Hyperdrive, Bloomberg’s newsletter on the future of the auto world. At Uno-X Furuset, a highway pit stop on the outskirts of Oslo, four petroleum dispensers have become three. The cement base where a pump once stood stands ready for whatever comes next — most likely, an electric vehicle charger.
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1 month ago | 
news.bloomberglaw.com | Damian Shepherd |Kari Lundgren
The world’s largest sovereign wealth fund isn’t waiting around to snap up a discount as the real estate correction unleashed by higher interest rates hoists “for sale” signs over some of London’s most sought-after properties. Norges Bank Investment Management entered into a partnership with landlord Shaftesbury Capital Plc to buy a 25% stake in a £2.7 billion ($3.5 billion) portfolio of prime property around London’s Covent Garden district, according to a statement on Thursday.
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1 month ago | 
bloomberg.com | Kari Lundgren
Norway’s sovereign wealth fund is paying €240 million ($261 million) for a 40% stake in European student housing and co-living property platform The Boost Society. The deal covers 42 assets with a total of about 12,200 beds in France and Spain, with a gross value of €1.3 billion, Norges Bank Investment Management said in a statement Thursday.
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1 month ago | 
bloomberg.com | Kari Lundgren
Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg Philanthropy Sustainability Bloomberg London...
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1 month ago | 
financialpost.com | Kari Lundgren
The company — a subsidiary of aluminum producer Norsk Hydro ASA — opened a semi-automated production line for discharging and dismantling batteries last year, with a target of handling 12,000 metric tons of power packs from about 25,000 electric vehicles a year. It will process only about a third of that this year, according to Chief Executive Officer Ole-Christen Enger.
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1 month ago | 
bloomberg.com | Kari Lundgren |Paula Doenecke
Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg Philanthropy Sustainability Bloomberg London...
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1 month ago | 
news.bloomberglaw.com | Kari Lundgren
The ethics council for Norway’s $1.8 trillion sovereign wealth fund warned that the rolling back of anti-corruption legislation in the US is likely to make it more difficult to identify businesses breaching ethical guidelines. The US has previously taken a crucial role in securing settlements in cross-border investigations into companies ranging from Glencore Plc to Airbus SE and Credit Suisse, resulting in billions of dollars in fines.
