PFA ramps up oil exposure despite criticism
Denmark's largest commercial pension fund is maintaing its billion-kroner investments in fossil fuel companies despite uncertain market conditions and criticism from environmental organizations. "I understand the dilemma, but I don't understand why people are so certain about what the right thing to do is," says PFA's group CIO Kasper Ahrndt Lorenzen.
PFA, sees no reason to sell its oil equities. The corona-related oil crisis, and critics who say that PFA should be more socially responsible and invest in green energy, have made no difference.
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