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PFA under heavy criticism for fossil fuel exposure

Denmark's PFA owns more than USD 400m in bonds linked to environmentally damaging fossil fuel projects

Photo: PR/PFA

Denmark's PFA owns more than USD 400m in bonds linked to environmentally damaging fossil fuel projects despite the pensions firm's pledge to cut carbon emissions and promote the transition to a greener future, writes Financial Times.

According to Stockholm-based green bond institute Anthropocene Institute, PFA owns bonds worth roughly USD 187m issued by Canadian province Alberta, a major producer of tar-sands oil.

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