Norway's US$1-trillion wealth fund, the biggest of its kind in the world, will begin dumping shares in oil and gas companies including some Canadian names, but stopped short of barring major producers like Suncor, ExxonMobil and Chevron.
New research shows Export Development Canada provided 12 times as much financial backing to oil and gas companies as it did to clean-technology companies over the last five years.
Investors in the oil and gas sector are shrugging off federal election results despite predictions that a Liberal minority propped up by the NDP and Greens would result in policies that hurt the industry.