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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway denies tobacco producers access to pension funds

Posted on 03 February 2010

From Icenews.is: Acting on the recommendation of the Government Pension Fund Global (GPFG), the Norwegian Ministry of Finance has announced that seventeen tobacco producing companies will be excluded from the funding scheme, with share divestment in the companies having already been completed.

“When the Graver Committee proposed the current ethical guidelines, there was debate on whether to exclude tobacco producers from the Fund. With some hesitation, it was decided that tobacco should not be excluded……………………………………Full Article: Source

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