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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Total’s operations in Western Sahara under ethics probe by Norwegian wealth fund

Posted on 17 March 2014

Norway’s sovereign wealth fund is examining the operations of the French oil firm Total in Western Sahara to ascertain whether its activities there are unethical, reported Wednesday Reuters.
The fund, responsible to grow revenue from the exploitation of Norwegian oil and gas reserves, manages a portfolio of more than 600 billion euros, making it one of the largest investors in the world. The fund, which invests Norway’s revenues from oil and gas for future generations, invests only in firms it considers ethical, and has blacklisted 63 firms, including makers of nuclear arms, antipersonnel landmines, cluster bombs and tobacco………………………………………..Full Article: Source


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