PenSam reproaches oil companies

Based on the pension fund's intentions to make a greener investment portfolio, Pensam has decided to exclude 26 of the largest global oil companies, writes Danish daily Information.

Pensam satser grønt og udelukker derfor en række olieselskaber fra sin forretning. | Photo: Ritzau Scanpix/Torben Christensen

Pensam is ready to confront some of the largest global actors in the oil market.

The pension fund has divested a total of EUR 17.4m and blacklisted 26 oil companies for future investments. According to Pensam, the fund embraces Paris Agreement ambitions, Information wrote on Saturday.

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