AP7 adds seven new companies to its blacklist for lacking transition plans 

Sweden’s largest pension fund has increased its blacklisting with an additional seven companies, including the world’s largest oil firm, Saudi Aramco. 
General view of Aramcos oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. | Photo: Hamad I Mohammed/Reuters/Ritzau Scanpix
General view of Aramcos oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. | Photo: Hamad I Mohammed/Reuters/Ritzau Scanpix

Swedish default pension fund AP7 has added seven new oil or coal companies to its blacklist. The pension giant has now excluded the companies from its investment universe. 

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