Borghild Bråtveit

Norwegian Oil Money in Dirty Business

On October 14, 2013, the Norwegian Ministry of Finance announced its decision to exclude two Malaysian logging companies, WTK Holdings Berhad and Ta Ann Holdings Berhad, from its Government Pension Fund Global (GPFG) portfolio. Its decision, based on the recommendation made by the Council on Ethics in June and December, 2012 (see here also), has been hailed internationally, given the severe environmental damage caused by the two companies on the island of Borneo, Malaysia.

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