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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norwegian fund divestment over environmental concerns

Posted on 21 August 2015

Norway’s sovereign wealth fund is removing four Asian companies from its investment portfolio for ethical reasons. The fund, officially known as the Government Pension Fund, is financed by profits, taxes and fees from Norway’s offshore oil and gas sector.
It said it was divesting from South Korean steelmaker Posco, its subsidiary Daewoo International Corp, and two Malaysian companies, Genting Berhad and IJM Corporation Berhad, citing the damage they are causing by turning rain forests in Indonesia and Malaysia into palm oil plantations………………………………………..Full Article: Source


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