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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments, Fund Profile/New Launches

Norway’s big ethical giant

Posted on 03 February 2009

From Forbes: Sovereign wealth fund excludes another miner and defense firm from its investments. Norway’s $356.0 billion Government Pension Fund, which invests in the country’s oil revenues across the world, said Friday that it had excluded U.S. defense firm Textron and Canadian miner Barrick Gold from the fund on ethical grounds.

The fund has been excluding firms for several years: Back in 2007, Vedanta, the London-listed Indian miner, was removed from its investments, because of concerns over “severe environmental damages and serious or systematic violations of human rights,” while last year its investment in Rio Tinto got the ax. …. Full Article: Source


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