Slate Magazine (blog) | Norway's Giant Oil Fund Will Divest From Coal. Irony Noted. Slate Magazine (blog) Norway's sovereign wealth fund is sometimes referred to as its "oil fund" because it was created in order to manage the country's substantial petroleum revenues. Thanks to its extensive offshore oil resources, Norway is among the world's biggest crude ... Norway oil fund plans to withdraw from coal-burning utilities UPDATE 1-Norway oil fund may have to sell shares in up to 75 firms in coal ban Norway's $900 billion oil fund to slash coal investments |