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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Oil fund won’t exclude PetroChina

Posted on 09 December 2011

The Norwegian government is ignoring a recommendation from a state ethics council that it ban investments by Norway’s oil fund in the Chinese oil company PetroChina. Meanwhile, a Chinese shipbuilding company is making inroads on Norway’s west coast.
The ethics council, which reviews investments made by Norway’s huge sovereign wealth fund, had recommended that PetroChina be blacklisted because of an “unacceptable risk” that the company was contributing to ongoing and future human rights violations. The violations were tied to construction of oil and gas pipelines in Burma………………………………………..Full Article: Source


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VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


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