Oil fund manager with electric scooter accident – shoulder injury – E24

– It is true that Nicolai has had an accident on an electric scooter that has caused a shoulder injury, confirms to VG his press contact Marthe Skaar in Investment Management at Norges Bank (NBIM).

The accident happened on Friday of last week.

Skaar writes in an email to VG that, fortunately, the manager of the oil fund was wearing a helmet; otherwise you are in good shape and fully occupied with your job as an oil fund manager.

– Nicolai refused to report that he was ill, so now he goes to work with his arm in a sling and is a bit embarrassed that he fell into the category “man-50-fell-on-electric-bike”.

Nicolai Tangen assumed the position of director of the Petroleum Fund on September 1 of this year.

Kronglete

The road to incorporation has been bumpy for Tangen, as it was announced on March 26 that he would take over as the new leader after Yngve Slyngstad.

The main part of the Storting’s criticism was that Norges Bank had allowed Tangen to retain 43% ownership of Ako Capital.

The bank’s supervisory body has demanded that any risk of conflict of interest be eliminated. Tangen has also placed part of his fortune in tax havens.

The Storting has also been very clear that Norges Bank must provide a solution to these two problems, so Tangen can join.

New appointment

On August 24, it was announced that the Executive Boards of Norges Bank and Tangen had renegotiated the terms of the employment contract, with the following changes:

• Tangen liquidates the ownership of AKO Capital LLP. You will transfer your ownership interest and dividend rights to the AKO Foundation charity and therefore will no longer have any ownership interest in AKO Capital LLP. It will apply for all times to come.
• Tangen has further announced that it will change the management of its personal fund investments so that all funds are placed as bank deposits.

Intense months

– The last five months have been the most intense and the most demanding, but also the most educational that I have experienced, Tangen said at the time.

– Don’t you feel you have sacrificed too much for Norway when you do this now?

– Now we do not know how this will be in the next five years, it may not be as good as I hope. But I think it will be very good. And then I don’t sacrifice it, because that money goes to charity. I really think the greatest joy you can have is giving things away, he then told VG.

Nicolai Tangen claims that he has approximately NOK 5 billion in Ako funds, which will be redeemed. He wants to put this money in the bank, where he has already invested two billion.

Many injuries

After seriously renting electric scooters, it started in Oslo and finally in several major cities as of 2019, there have been many accidents and injuries. In July 2019, the Oslo emergency room recorded around four injuries per day. Many of the injuries have occurred after nighttime use and drinking of alcohol from the glasses.

Popular and environmentally friendly means of transportation have been hotly debated recently, in part because many of them sit on the sidewalks and intrude on the blind, disabled and pedestrians alike. Emergency vehicles have also been prevented.

In August, the industry joined forces on a common set of cleanup measures.

The proposal includes:

• Operators establish a joint street patrol for cleaning electric scooters
• User education, with incentives for good parking behavior
• Common areas of no parking
• Speed ​​limitation zones
• Micro-mobility parking spaces
• Contact surfaces available to report damaged or improperly parked vehicles

The Minister of Transport and Communications, Knut Arild Hareide (KrF), has asked the Norwegian Public Roads Administration to study the Road Traffic Law for electric scooters. The proposal is expected in the new year.

Electric scooters have also been subjected to pure sabotage as a result of conflicts.