Ann: Award of Project Atlas petroleum facility licence, page-116

That's not diversification by the Norwegians, it's ideology dressed up in pseudo-investment-speak*. The world has gone mad, and the Norwegians are joining in. Seriously, who cares what the Norwegians do (apart from the Norwegians whose investment returns might fall slightly**). It is of no interest to me that they are selling 1m+ SXY shares. Big Deal - Not. It might drive the share price down briefly, but the final driver of share price is the price of gas in SXY's markets and SXY's production and costs. It just pi**es me off that the jumped-up ideological twits can have so much political clout, and the spineless politicians (Scott Morrison included, Donald Trump excluded) fawn all over them. Donald Trump is starting an investigation into climate science - a long overdue spotlight on a shady bunch of activists masquerading as scientists; stock up on popcorn - this will be some stoush. If it can end the madness then Donald Trump will have done the world a massive service. But I've been disappointed too often to be getting too optimistic. The green left really does seem to have the world by the short and curlies, and Venezuela shows us where they will take us.

* - Diversification doesn't mean investing in diversified companies, it means investing in a wide range of companies of which any number can be specialised. The Norwegian pseudo-investment-speak is portraying a push into companies which ALL have "renewables" as diversification when it is actually the exact opposite.

** - The Norwegians are switching out of pure oil and gas into contaminated oil and gas. Some individual companies will stand out, but overall the Norwegians will still be invested in the energy sector and will continue to get much the same return overall. And if governments continue to mandate and subsidise the contamination then the contamination will make money too (at the expense of ordinary people who have to pay for the madness).