Norway is about to decide whether to let its $1 trillion sovereign wealth fund dump all its oil and gas stocks.

After more than a year of closely held deliberations, the Finance Ministry is set to reveal whether its massive fund will be allowed to divest close to $40 billion in oil and gas stocks, according to Bloomberg.

The fund contends that it makes little sense for Norway to be doubly exposed to the oil markets. As western Europe’s biggest oil and gas producer, its fortunes are already heavily linked to petroleum, deriving almost half its exports and more than 20 percent of the state’s revenue from the commodities.

The central bank, which oversees the fund, insists that the plan is based solely on financial considerations and that it doesn’t reflect a particular view of the oil industry’s prospects.

The fund owned about $37 billion of oil and gas stocks at the end of last year, including more than 2 percent of Royal Dutch Shell Plc, BP Plc and Total SA.