Norway's $1tn wealth fund urged to keep oil and gas investments

Government advisers reject central bank's proposal to sell billions held in oil stocks

Government advisers have urged Norway not to ditch oil and gas investments from its $1tn sovereign wealth fund, in a setback for those backing the world's biggest fossil fuel divestment.

Norway's central bank last year recommended the fund sell the billions it holds in oil stocks to avoid the risk of a permanent drop in crude prices.