Norway’s $870 billion sovereign wealth fund (SWF) is the largest in the world, and it’s now planning to use its prowess to force supergiants Exxon Mobil and Chevron to report more about the effects of climate change on business, both in terms of risk and opportunity. The Norwegian SWF has said it would endorse proposals meant to compel Chevron and Exxon Mobil to report more on risks climate change policies have on their business. “We encourage companies to consider the sensitivity of their long-term business strategy and profitability to different future regulatory and physical climate scenarios,” the fund said. “One such scenario should consider the successful implementation of policies to limit the likelihood of temperatures rising above 2 degrees Celsius…We want them to be open about their climate strategy and their dialogue with regulators,” it added. On Tuesday, the fund, which owned 0.78 percent of Exxon and 0.85 percent […]