VIKINGS VS. WOLVES, THE BATTLE OF FINANCE
Director(s): Fredrik HORN AKSELSEN – Writer(s): Asle SKREDDERBERGET, Fredrik HORN AKSELSEN Contact Print page
The world of finance has been dominated for decades by “wolves” seeking short-term personal gain, which has led to a destructive financial system that harmed millions of people.
Yet, our world today faces unprecedented problems: food and water shortage; the effects of climate change; mass migration and instability. Democratic values are under pressure. Thus far, finance has been seen as part of the problem. But can it become part of the solution?
As the world’s largest state-owned fund, the Norwegian Oil Fund, set up for future generations, is owned by the people of Norway. Governed by its politicians, it has to observe ethical guidelines. The fund owns 1.5% of the world's stocks, with stakes in 9000 companies worldwide. Instead of observing the short-term tyranny of regular businesses, the Norwegian Oil Fund is politically mandated to look decades ahead in order to address coming challenges...
But can - or will - the Oil Fund make a difference in the world of finance?
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