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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway fund revokes United Technologies exclusion

Posted on 04 March 2010

From Reuters: Norway has reversed its decision to exclude U.S. industrial group United Technologies Corp from its $450 billion wealth fund, saying the firm is no longer involved in nuclear weapons manufacturing.
The central bank-managed fund follows ethical guidelines set by the government and does not invest in companies that produce nuclear weapons or cluster munitions, damage the environment or abuse workers’ rights. It had excluded United Technologies since in January 2006…………………………………….Full Article: Source


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