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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

Norway ups Burma oil investments

Posted on 25 March 2011

The state-owned investment body, the Norwegian Pension Fund, holds shares in 15 energy companies in Burma, a position that the campaign group Norwegian Burma Committee this week criticised as “double morale”.
The Fund, which was founded on the country’s North Sea oil wealth, was the focus of a damming report in December last year by EarthRights International (ERI), who accused it of “contributing to grave unethical actions in Burma” through its investments……………………………………….Full Article: Source

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