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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway smokes out 17 tobacco producers

Posted on 20 January 2010

From Globalpensions.com: Norway’s Government Pension Fund Global has shed its NOK13.7bn (US$2.4bn) investment in 17 tobacco producing companies including Philip Morris and British American Tobacco.
The Norwegian Ministry of Finance said it made the decision to divest based on recommendations it received from the Council on Ethics, new government frameworks and a World Health Organisation treaty regarding tobacco……………………………….Full Article: Source


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