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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Will Norway divest from giant Indian firm because of the Amazon?

Posted on 26 March 2015

In 2010 the Council on Ethics for Norway’s “Government Pension Fund Global” (GPFG) recommended that the GPFG divest its holdings from giant Indian conglomerate Reliance Industries, which last year The Economist magazine described as “India’s biggest private firm (measured by profits).”
The justification was the threat that Reliance, as a minority partner in oil exploration in one of the remotest parts of Peru’s Amazon, was considered to pose to indigenous people who live so remotely they are sometimes described, misleadingly, as “uncontacted.”……………………………………….Full Article: Source


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


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