KLP follows Nordic peers in quitting oil sands – but remains unwilling to entirely leave the industry
The Norwegian pension fund divests securities worth EUR 53bn divided between five companies and excludes the industry. However, KLP is not going to shun companies with less then 5 percent revenue from oil sands.
KLP and KLP Funds have decided to exclude equities and corporate bonds in companies that generate more than five percent of their revenue from oil sands-based companies.
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