Teachers' pension fund criticized for Aramco shares

Students studying teaching think that Lærernes Pension is undermining an agreement to be a visible player in the transition to a greener society by having shares in the world's largest oil company, according to Økonomisk Ugebrev.

Photo: Maxim Shemetov/Reuters/Ritzau Scanpix

Mads Tudvad, future teacher and prominent member of the green student movement, says it was "irresponsible" of Lærernes Pension to invest in oil giant Saudi Aramco. This happened just two and a half months after the Danish teachers' union decided that the pension fund should play a bigger role in the transition to a greener society.

According to Økonomisk Ugebrev, Lærernes Pension has shares and bond investments in Saudi Aramco, which entered the stock exchange in December, worth more than EUR 4 million (DKK 30 million).

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