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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway oil fund sells Asian shares for palm oil

Posted on 19 August 2015

Norway’s gigantic sovereign wealth fund announced on Monday that it was divesting from four large Asian companies over the environmental damage their palm oil activities have on tropical forests.
The world’s largest public investment fund, managing 7.15 trillion kroner (785 billion euros, $872 billion), said its decision to exclude four groups — including South Korean group Daewoo International — from its portfolio was based on “an assessment of the risk of severe environmental damage” from their conversion of tropical forests to cultivate palm oil………………………………………..Full Article: Source


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