Although tar sand companies have been excluded from the investment universe at Denmark's largest pension companies, LD Pensions has retained its exposure to some of the world's biggest tar sand companies, financial media Børsen Pro Finans reports.
The media has conducted an investigation into LD Pensions, which manages The Holiday Allowance Fund which contains frozen holiday pay earned by workers in Denmark, and found that it has invested around DKK 2.2m (EUR 295,827) in Suncor Energy and DKK 2.3m (EUR 309,274) in Canadian Resources Ltd, two of the largest tar sand oil companies.
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