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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Oil Fund in nuclear weapons investment concerns

Posted on 26 March 2012

Norway’s sovereign wealth fund has breached its own code of ethics by investing billions in companies involved with nuclear weapons, reports say. It has been revealed that the Government Pension Fund Global (‘Oil Fund’) invested 4.4 billion kroner in 2011 in five companies. UK-based Rolls-Royce Holdings PLC received the biggest, totaling 3.1 billion kroner.
The firm, together with Babcock Marine and BAE Systems, is involved in developing submarines for the British Army that will contain nuclear weapons………………………………………..Full Article: Source


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