Velliv divests coal and tar sands

Neither coal nor oil extracted from tar sands will be be found in Velliv's portfolio now that the company has decided to completely exclude companies associated with those activites.

Photo: PR/Velliv

Danish pension fund Velliv follows a string of domestic peers by deciding to exclude companies with tar sand oil or coal activities, reports Danish business daily Børsen.

Consequently, Velliv is in the process of divesting assets for over DKK 250m (EUR 33.6m). The exclusion pertains to companies with more than 5 percent of revenue coming from tar sand crude extraction and the like.

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