KLP divests 14 companies due to links to nuclear weapons

Norway's largest pension company has sold holdings totaling USD 147m in companies due to their links to unconventional weapons such as nuclear armaments.

Photo: KLP

Kommunal Landspensjonskasse, or KLP, divested about USD 123m in shares and USD 24m in bonds in 14 weapons companies, the public sector pension provider said in a statement. 

"The companies that have now been excluded produce various components for nuclear weapons or cluster munitions, or provide support services for such armaments," KLP said. "Under international law, these types of weapons are problematic."

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