Oil fund ejects Indian oil group for ethical reasons

Norway's sovereign wealth fund decides to exclude the Indian group due to "unacceptable risk that the company is contributing to serious violations of the rights of individuals".
Photo: Nerijus Adomaitis/Reuters/Ritzau Scanpix
Photo: Nerijus Adomaitis/Reuters/Ritzau Scanpix
BY SIMON KJÆR JENSEN, TRANSLATED BY DANIEL FRANK CHRISTENSEN

Norway's Government Pension Fund Global, the world's largest sovereign wealth fund, has decided to blacklist four companies based on an assessment from the Norwegian Council on Ethics.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
  • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading