Simen Velle claims that Sebastian, the 17-year-old founder of Youth on Demand (now Thrive), is moving his company to Stockholm due to Norway's tax environment for startups.

Simen Velle of the Progress Party (FRP) claims that the decision to divest from Caterpillar resulted in the loss of several billion NOK for the Pension Fund.

The Progress Party (FRP) believes Norway's Pension Fund should not be used as a political tool but should focus on maximizing financial returns to fund the Norwegian welfare state.

Norway's Pension Fund holds approximately 1% of the total value of all global stocks.