Why not invest the entire $381bn in allegedly cheap, clean, reliable solar energy? :^)

Joint Innovest/WWF Report Shows Norway's "Oil Fund" Lags Behind Peers in Addressing Climate Change

(CSRwire) - September 29, 2008 - A new report by WWF and financial analysts Innovest shows that Norway's large and influential Government Pension Fund, with a reputation as a leader in ethical investments, does not apply best practice in sustainable investments, and is not yet fully addressing the impacts of global warming.

The $381bn fund is based on petroleum revenues and is the world's second largest sovereign wealth fund. Norway's Government Pension Fund alone owns more than 1% of all European stocks.

"Loaded with petroleum cash, Norway has a special responsibility to invest in low carbon development and help mitigate impacts from global warming on hundreds of millions of the world's poor," said Rasmus Hansson, CEO of WWF-Norway.