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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway oil fund to keep investing in palm planters amid green criticism

Posted on 31 March 2011

Runar MalkenesNorway’s $550 billion sovereign wealth fund will keep investing in Southeast Asian oil palm planters but may exclude firms that severely damage the environment, a Norwegian finance ministry official said, as green groups step up their campaign against the industry.

Environmentalists have broadened their campaign to involve investment funds holding shares in palm oil firms that fell rainforests to expand — a practice that pumps vast global warming gases into the atmosphere………………………………………Full Article: Source


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