A government-appointed commission recommended allowing Norway's $2.3 trillion sovereign wealth fund to invest in major Western defence groups such as Airbus, Boeing, BAE Systems and Lockheed Martin, which are currently excluded over nuclear arms involvement. The proposed exemption would cover companies based in NPT nuclear-weapon states that are allied with NATO, potentially leading to tens of billions of dollars in investments if the government and parliament adopt it. The commission also proposed keeping the Council on Ethics but ending automatic publication of its reports, while the Norwegian Red Cross said the change would legitimise investment in weapons of mass destruction. The government will make its own decision in an annual white paper expected in spring 2027.
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