| The Norwegian Ministry of Finance has rejected the Council of Ethics’ recommendation to exclude PetroChina from the Norwegian Pension Fund’s portfolio due to human rights abuses in Burma, according to a statement by the Norwegian Burma Committee (NBC).
The ministry puts more weight on profit instead of ethics in this case, the statement said. NBC has for several years called on the Council of Ethics to consider companies in the controversial Shwe gas project which includes construction of two parallel pipelines for oil and gas from the west coast of Burma to Yunnan Province in China...............................................Full Article: Source
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