PenSam keeps oil firms at distance
Increasing energy prices, reflected in oil company earnings, are not enough to make investors reopen their treasure troves for fossil companies, says pension provider PenSam. ”It’s a sector with problems,” states ESG head.
by astrid strulason, translated by kristoffer grønbæk
Oil firms represent a large part of companies excluded from financial institutions’ portfolios, and there is no outlook for an alteration of this strategy.
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