Norwegian pension investor blacklists world's biggest oil company
KLP is selling its shares in Saudi Aramco on the grounds that in practice, it is impossible to push the company in a more sustainable direction. 12 companies in the Middle East have been blacklisted.
Norway’s largest pension company will no longer allow investments in the world’s largest oil company. After a due diligence review, Kommunal Landspensjonsselskab (KLP) has decided to blacklist 12 companies in the Middle East, with Saudi Aramco as the top name on the list.
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