located in oslo and worth more than a trillion dollars, norway's sovereign wealth fund owes its existence to the country's vast reserves of oil and gas. it claims to be an ethical investor, so there was some consternation when it appointed my guest today, nicolai tangen, as its new boss. is a risk—taking, flamboyant hedge fund manager the right man to steer the world's biggest sovereign wealth fund? nicolai tangen, welcome to hardtalk. thank you very much. you currently manage a sovereign wealth fund which is worth roughly $1.1; trillion — an unimaginable sum of money which is not your money — it is actually the people of norway's money. why should they trust you to manage it for them? well, in a way, you should ask the people that hired me. but i think the reason i think i got thejob was because i have been running capital for 30 years. i've been in that business for a very long time and also seen some ups and downs, you know? i'm sure you have. running capital is sort of a jargon phrase but in essence, you founded and ran a hedge fund that was worth billions of dollars in its own

located in oslo and worth more than a trillion dollars, norway's sovereign wealth fund owes its existence to the country's vast reserves of oil and gas. it claims to be an ethical investor, so there was some consternation when it appointed my guest

i'm joined now by thom woodroofe in oslo, norway. he works on chinese—american climate co—operation at the asia society policy institute. he's also a former pacific climate advisor. it is great to have you on especially at this juncture. i just want to start by asking you, we have heard a lot of criticism at china and india add to the cop26 about watering of the deal. how fair is this? laying the blame on them? it’s this? laying the blame on them? it's ureat to this? laying the blame on them? it�*s great to be with you. it very much depends on whether you take the glass half—full or glass half empty approach here. i think if you have the glass half—full approach to what we saw yesterday it's important to acknowledge that china has never, in an international impact of acknowledge the need to phase down fossil fuels including coal. acknowledge the need to phase down fossilfuels including coal. and that's quite significant even if we know the direction of travel that beijing is going in and we need them to move much sooner i

located in oslo and worth more than a trillion dollars norway's sovereign wealth fund owes its existence to the countries vast reserves of oil and gas. it claims to be an ethical investor. so there was some consternation when it appointed my guest today, nicolai tangen as its new boss. is a risk taking, flamboyant hedge fund manager the right man to steer the worlds biggest sovereign wealth fund?

he's playing victor derisive itch, from oslo. - victor derisive itch, from 0slo. he's 354 in the world, he's won the first set by six games to one. the winner will play the top seed in the second round tomorrow. he is the first turn up for the atp finals. he's had a stunning year and that will be a much tupper challenge for murray —— much tougher. will be a much tupper challenge for murray -- much tougher.— will be a much tupper challenge for murray -- much tougher. russell, you clearly have — murray -- much tougher. russell, you clearly have two _ murray -- much tougher. russell, you clearly have two tallies _ murray -- much tougher. russell, you clearly have two tallies on _ murray -- much tougher. russell, you clearly have two tallies on the - murray -- much tougher. russell, you clearly have two tallies on the go. - there's a big night of heavyweight boxing coming up in manchester next month. former world championjoseph parker will be looking to take a step back towards a title shot when he takes on derek chisora again. ade adedoyin was at today's news

cities including san francisco, los angeles, — cities including san francisco, los angeles, mexico, oslo and budapest, haveioined_ angeles, mexico, oslo and budapest, have joined as part of the c40 declaration to halve the construction emissions of new buildings _ construction emissions of new buildings by 2030, so lots more momentum from the cities and regions and the _ momentum from the cities and regions and the complex construction chain. thank— and the complex construction chain. thank you — and the complex construction chain. thank you. we and the complex construction chain. thank ou. ~ ., ~ and the complex construction chain. thank ou. ~ ., ,, , ., , thank you. we will take questions from the floor _ thank you. we will take questions from the floor now. _ thank you. we will take questions from the floor now. can _ thank you. we will take questions from the floor now. can you - thank you. we will take questions from the floor now. can you state | from the floor now. can you state your— from the floor now. can you state your name — from the floor now. can you state your name

thank you forjoining us from oslo. a group of mps has called for a pause in the roll—out of smart motorways — until the government can prove they are safe. the updates to the motorway system are intended to increase capacity, but safety campaigners say they've contributed to deaths on the roads. here s our transport correspondent, caroline davies. marching through westminster yesterday. each coffin represents someone killed on a smart motorway. protesters want the hard shoulder to be brought back. more of england's roads are being turned into smart motorway intended to ease congestion. some have had the hard shoulder removed to add an extra lane without having to use more land. if a car breaks down in a live lane, a red cross tells other drivers not to drive it. now a group of mps have said that they think no more should be built for years until there is more data to prove whether or not smart motorways are safe. at the moment, we only have a five year evaluation record of 29 miles of smart motorway, because they a