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Fear boycott and exclusion of the Oil Fund

Ethical guidelines for Norwegian lending can mean trouble for the Norwegian Oil Fund.

In April, the Storting will again decide whether to set limits on which countries the Government Pension Fund (the Oil Fund) can borrow money for. Then comes the annual Storting report on the Oil Fund and its investments and operations. Parliamentary representative, businessman and fiscal spokesman for Frp Hans Andreas Limi are skeptical of such guidelines.

What do you think about Norway lending money to Qatar, the United Arab Emirates and Egypt – countries with poor human rights situations that are also participating in the war on attacks in Yemen?
"These are countries we still have diplomatic relations with, and some of them receive assistance from Norway. It is not that we have turned off all communication with these states. Frp believes it will be wrong to use the Oil Fund in such a foreign policy process. ”

"The FRP believes it will be wrong to use the Oil Fund in such a foreign policy process."
Hans Andreas Limi

What about the proposal for objectively measurable criteria and requirements for the countries to borrow?
"The most important thing is to follow international rules of the game. In the case of countries that are not democratic or safeguard fundamental rights for their citizens – and perhaps in addition act aggressively towards neighboring countries – it is the 'international community' that must introduce. . .

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Øystein Windstad
Former journalist at Ny Tid.

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