North Sea

Marginal sea of the Atlantic Ocean

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March 8 2022 Excluded Li-Ning for human rights abuse.
2021 The Sealand Seahawks American football club was founded by Mike and Nia Ireland, establishing men's, women's, and masters teams with over 200 players and staff.
December 1 2021 Carine Smith Ihenacho, the fund's head of Governance and Compliance, announced that portfolio companies will be asked to take more specific action on climate change.
March 2021 The Government Pension Fund began examining whether companies in its portfolio had used forced labor from Xinjiang internment camps.
2020
Mossmorran
A scientific study conducted in China highlighted potential mental health risks for people living near petrochemical plants, including potential development of major depressive disorders, poor sleep quality, and PTSD.
2020
North Sea oil
North Sea oil production stabilized between 40 and 50 million tonnes per year, representing about 35% of the 1999 peak. Crude oil imports reached approximately 20 million tonnes per year.
2019
Mossmorran
Complaints about the Mossmorran facility persisted.
2019
North Sea oil
Energy from gas imports rose to just over 500 GWh, approximately 10 times the level in 2001.
October 5 2019
North Sea oil
Production began at the Johan Sverdrup oil field, with expected daily production of 120,000 to 200,000 barrels of oil.
May 2019
North Sea Wind Power Hub
The consortium released a report exploring the potential extension of the wind power hub project into the Norwegian sector.
March 8 2019 Ministry of Finance recommended divestiture from oil and gas exploration and production holdings, following the 2017 Lofoten Declaration.
February 2019
North Sea Wind Power Hub
The consortium published two foundational reports: a spatial planning report and a cost evaluation report to support project planning.
2018 Richard Royal completed a solo swim from Sealand to the British mainland, earning recognition from the British Long Distance Swimming Association, World Open Water Swimming Association, and Guinness World Records.
2018
Mossmorran
Continued complaints about flaring at the Mossmorran facility, which were investigated by SEPA.
2018
North Sea oil
UK natural gas production declined to 1.4 trillion cubic feet (41×10^9 m³).
2017
Mossmorran
Numerous complaints were made about flaring at the Mossmorran facility, prompting an investigation by SEPA.
2017 Norway's population reached 5.2 million people, highlighting the context of the Government Pension Fund's significance relative to the country's small population size.
November 2017
North Sea Wind Power Hub
The Port of Rotterdam became the fifth member of the North Sea Wind Power Hub Consortium.
September 2017
North Sea Wind Power Hub
Dutch gas-grid operator Gasunie joined the North Sea Wind Power Hub Consortium, proposing the conversion of wind power to gas and exploring offshore gas infrastructure for storage and transport.
September 2017 The fund exceeded US$1 trillion in value for the first time, representing a thirteen-fold increase since 2002.
March 23 2017
North Sea Wind Power Hub
TenneT Netherlands, TenneT Germany, and Energinet.dk signed a trilateral agreement at the North Seas Energy Forum in Brussels to cooperate on the North Sea Wind Power Hub project, with hopes of future participation from Norway, the UK, and Belgium.
2016 The fund made its first-ever withdrawal in its history.
2016 Norges Bank decided to exclude 52 coal companies from the fund.
September 30 2016 ST Engineering was reinstated to the Government Pension Fund of Norway.
September 7 2016 Excluded Duke Energy and 3 subsidiaries for risk of severe environmental damage.
2015
Mossmorran
Final year of Shell's underestimation of propane gas emissions at the Mossmorran plant.
May 2015 Norwegian political members agreed to divest $945 million from coal assets.
2014
Mossmorran
Continued underestimation of propane gas emissions at the Mossmorran plant by Shell.
2014 The fund divested from 53 coal companies worldwide, including 16 in the US, 13 in India, and 3 in China, reducing coal holdings by 5% to $9.7 billion.
2014
North Sea oil
The Wood Review was conducted, leading to the Oil and Gas Authority taking over the regulation of exploration and production licences in the United Kingdom Continental Shelf (UKCS).
2014
North Sea oil
By this year, 42 billion barrels of oil equivalent (BOE) had been extracted from the North Sea since production began.
December 2014 Dongfeng Group was reinstated to the fund.
May 2014 The Central Bank governor proposed raising the stock investment rate to 70%.
March 2014 A parliamentary panel was appointed to investigate potential divestment of coal assets, with recommendations released in December 2014.
2013
Mossmorran
Shell underestimated propane gas emissions at the Mossmorran plant, which would later result in a fine from the Scottish Environment Protection Agency (SEPA).
2013 In the second quarter, the sovereign fund voted in 6,078 general meetings and 239 shareholder proposals on environmental and social issues, demonstrating increased corporate governance involvement.
March 2 2013 United Technologies Corp was reinstated to the fund.
January 11 2013 BAE Systems plc, Finmeccanica S.p.A., and FMC Corporation were reinstated to the fund.
December 6 2011 The Government Pension Fund of Norway placed Alstom under observation due to risk of gross corruption, signaling the fund's commitment to ethical investment practices.
September 30 2011 FMC Corporation was excluded for producing phosphate in the occupied territories of Western Sahara.
January 2011 Currency purchasing practice was suspended.
January 31 2011 Announcement made that foreign currency purchases would also be suspended in February.
2010 The Norwegian government planned to begin investing up to 5 percent of the fund in real estate.
2010
North Sea oil
North Sea oil production halved to under 60 million tonnes per year from its 1999 peak.
2010
North Sea oil
The Johan Sverdrup oil field was discovered in the Norwegian part of the North Sea, estimated to have 1.7 to 3.3 billion barrels of recoverable oil.
December 31 2010
North Sea oil
By the end of the year, 76% of the UK's estimated ultimate oil recovery from North Sea reserves had been extracted.
November 2010 The fund increased its daily foreign currency purchases to 800 million kroner.
October 2010 Government Pension Fund of Norway began spending 600 million Norwegian kroner daily on purchasing foreign currencies.
January 19 2010 Excluded multiple tobacco companies including Altria Group Inc, British American Tobacco Plc, Imperial Tobacco Group Plc, Philip Morris International Inc, and others for tobacco production.

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This contents of the box above is based on material from the Wikipedia articles North Sea Wind Power Hub, North Sea oil, Principality of Sealand, Government Pension Fund of Norway & Mossmorran, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.

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