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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norwegian fund giant puts premium on ethical investing

Posted on 19 August 2015

Norway’s $1.15 trillion Cdn sovereign-wealth oil fund announced this week that it will sell its stakes in four Asian companies over environmental concerns, underlying yet again how willing it is to take an activist approach to companies that fail to meet its ethical standards.
The mammoth fund, which is financed by profits, taxes and fees from Norway’s offshore oil and gas sector, said it would divest from South Korean steelmaker Posco, its subsidiary Daewoo International Corp., and two Malaysian companies, Genting Berhad and IJM Corporation Berhad………………………………………..Full Article: Source


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