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Sovereign Wealth Funds Briefing - Categorized | Market

Norway pension fund told to get out of Australian offshore detention business

Posted on 29 November 2016

Norway’s biggest pension fund is under pressure to sell its interest in the Spanish company holding the biggest contract to run Australia’s offshore detention centres on Manus Island and Nauru. The Australia Institute claims the pension fund’s investment in Ferrovial is at odds with its commitment to high ethical standards and is not widely known in Norway.
It is mounting a social media campaign in Australia and Norway to convince investors to sign an open letter imploring the pension fund, known as Oljefondet, to divest………………………………………..Full Article: Source


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