Thu, Aug 21, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Oil fund questions oil giant’s ethics

Posted on 25 April 2013

The state-appointed ethics council that oversees investments made by Norway’s huge oil-fueled sovereign wealth fund is questioning whether operations by US oil giant ExxonMobil in Equatorial Guinea violate “fundamental ethical norms.” If so, the fund may need to sell off its ExxonMobil stock.
The council is charged with evaluating investments in individual companies in which Norway’s popularly called “oil fund” has stakes. The Norwegian finance ministry, ultimately in charge of the fund that’s tied to Norway’s central bank and long has ranked as one of the biggest investment funds in the world, makes its decisions based on the council’s recommendations………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 14611 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

August 2014
M T W T F S S
« Jul    
 123
45678910
11121314151617
18192021222324
25262728293031