07-26-2006, 03:51 AM
Quote:Fortune International -- Imagine this for a government conundrum: revenues so high it's hard to know how to spend them. No wonder Norway, flush from oil exports, is picky about where it invests its $236 billion government pension fund - the third largest on the planet.http://money.cnn.com/2006/07/24/magazine.../index.htm
In June it divested about $430 million worth of shares from Wal-Mart Stores (Charts) and Freeport-McMoRan Copper & Gold (Charts), after savaging Wal-Mart for "serious and systematic" labor violations in several countries and Freeport for dumping copper tailings in a New Guinea river.