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

Malaysian palm oil company violates Indonesia’s logging moratorium

Posted on 17 June 2011

Norway has more than $41 million worth of KLK shares in the portfolio of its sovereign wealth fund, which includes other logging and plantation companies linked to deforestation in Indonesia.
“Norway’s Government Pension Fund Global (GPFG) has investments in scores of plantation and logging companies in Indonesia, including four major groups operating 24 plantation subsidiaries without relevant permits in the Central Kalimantan Pilot Province,” said EIA in a statement……………………………………….Full Article: Source


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