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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Ethical/Green Investments

Norway SWF endorses PetroChina investment

Posted on 07 December 2011

Norway’s sovereign wealth fund has rejected a suggestion from its ethics committee that it quit investment in PetroChina, saying the committee’s cause for concern was related to another company.
The Council on Ethics for the Government Pension Fund Global said in 2010 that there was an unacceptable risk of human rights violations surrounding the construction of oil and gas pipelines in Burma, and that the companies responsible for their construction risked involvement………………………………………..Full Article: Source


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