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Danish pension fund draws a line: Excludes the world's ten largest oil companies

The oil company exclusion has MP Pension divest equities totaling EUR 86.4m, which is equivalent to two thirds of its total investments in oil. The companies lack a plan to become more climate-friendly and they work against climate-related regulation, the pension fund claims.

MP Pension Chief Investment Officer Anders Schelde. | Photo: PR/MP Pension

In its chase for a greener planet – and a more reliable future return – MP Pension has made an ultimate decision to exclude the ten largest global oil companies from the pension fund's investment universe.

Consequently, MP Pension divests equities in the companies totaling EUR 86.4m, the pension company writes in a press release sent directly to FinansWatch.

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