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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Biggest sovereign fund excludes Sesa Sterlite on ethical grounds

Posted on 31 January 2014

Norway’s finance ministry has told its $810-billion oil fund, the world’s biggest sovereign wealth fund, to stop investing in two Israeli firms and one Indian company on ethical grounds.
The ministry instructed the fund for a second time to exclude Africa Israel Investments and its construction subsidiary Danya Cebus from its investments and also said it should not invest in Sesa Sterlite - India’s biggest zinc and aluminium maker. After the decision, 63 firms stand on the exclusion list, including some of the world’s biggest miners, tobacco producers and makers of certain weapons such as cluster bombs……………………………………….Full Article: Source


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