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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Ethical/Green Investments

Norway’s oil fund excludes Samling over ethics

Posted on 24 August 2010

From Thestar.com.my: Norway’s state pension fund, one of the world’s largest sovereign wealth funds, has excluded two Israeli companies for “unethical activity” linked to settlement building in the Palestinian territories and one Malaysian forestry firm on ethical grounds, the Norwegian government said.

According to the Finance Ministry, the so-called oil fund, which contains nearly all state revenues from the country’s booming oil and gas industry, has sold its holdings in Africa Israel Investments, which is the largest shareholder of Danya Cebus, which the fund says is involved “in developing settlements in occupied Palestinian territory.”……………………………………Full Article: Source


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