Oil fund ejects Indian oil group for ethical reasons

Norway's sovereign wealth fund decides to exclude the Indian group due to "unacceptable risk that the company is contributing to serious violations of the rights of individuals".

Photo: Nerijus Adomaitis/Reuters/Ritzau Scanpix

Norway's Government Pension Fund Global, the world's largest sovereign wealth fund, has decided to blacklist four companies based on an assessment from the Norwegian Council on Ethics.

One of these excluded firms is India-based Oil & Natural Gas Corp., reports media Dagens Næringsliv.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

ATP's managed assets maintained growth in Q3

A positive result from investments and a negative hedging portfolio outcome are the main takeaways from ATP's Q3 report, which reports that total managed assets have increased, and the bonus rate has also swelled further.

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.

Further reading

Related articles

Trial banner

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch