Pension funds sell their tar sand equities

Danish pension funds increasingly pull out of tar sand companies. Data provided by Information shows that the investments in the first months of the year have declined by several hundreds of million kroner.

Photo: Greepeance

Danish pension funds' involvement in companies that extract oil from tar sand seems to be strongly declining.

The extraction is controversial due to the high emission of greenhouse gases and adverse consequences for vast natural reserves in Canada. Nevertheless, several Danish pension funds have until recently held equities in those companies. However, in just a few months, a remarkable situation has occurred.

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