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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Malaysia activists hail timber firm blacklisting

Posted on 26 August 2010

From Taipeitimes.com: Malaysian activists yesterday applauded a decision by Norway’s state pension fund to blacklist timber firm Samling Global, which is accused of rampant environmental destruction in Borneo. Norway’s state pension fund, one of the world’s largest sovereign wealth funds, accused Samling Global of “extensive and repeated breaches” of regulations in Sarawak state.
Rights campaigners have also accused Samling of trampling on the rights of indigenous people, particularly the Penan tribe in Malaysian Borneo, who have mounted blockades against the firm to protect their ancestral land……………………………………….Full Article: Source


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