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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway’s giant wealth fund decides that palm oil is terrible

Posted on 18 August 2015

Norway’s $871 billion sovereign wealth fund said it would remove four Asian companies from its investment portfolio, citing the environmental damage they are causing by turning rain forests in Indonesia and Malaysia into palm oil plantations.
Palm oil, a widely-used processed food ingredient, has been widely criticized for harming the environment due to deforestation and the related production of massive quantities of methane, a greenhouse gas that is 34 times more potent than carbon dioxide. Critics also allege multiple labor rights abuses in the industry, including employing child workers………………………………………..Full Article: Source


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