The pension giant announces it will vote against the biggest polluters and all boards that have no women members.

The March-ending quarter is expected to book a 6.2% decline, but FactSet says analysts think this is the worst.

The pension fund’s C$69.1 billion portfolio was weighed down by fixed-income and public equity investments.

CEO Nicolai Tangen acknowledged that Norges Bank Investment Management ‘lost a considerable sum’ from the Silicon Valley Bank failure.

Drawing lessons from history, any federal failure to pay should be a hiccup, albeit an expensive one.