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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Norwegian fund targets palm oil sector, but not its own O&G venture

Posted on 26 March 2013

The issue on sustainably-produced palm oil hogged the limelight again when the Norwegian Government Pension Fund Global (GPFG) recently said it has sold its stakes in 23 oil palm plantation firms which are not producing sustainable palm oil. The rationale for GPFG pulling out of these investments was in support of the Western NGOs move to help reduce the greenhouse gas (GHG) emissions from the oil palm plantations in the developing countries.
But what is baffling is that planters claim that the GPFG disposal list shows some of the companies were in fact members of the Roundtable on Sustainable Palm Oil (RSPO) that have been producing certified sustainable palm oil (CSPO)………………………………………..Full Article: Source


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