Norway’s SWF excludes rubber company on environmental grounds

norway-oil

Norway’s Government Pension Fund Global (GPFG) has excluded rubber producer Halcyon Agri Corp from its investment portfolio due to environmental violations, said the fund today (March 18).

The Council on Ethics considers the Singapore-based company “is responsible for serious environmental damage through the conversion of tropical forests into rubber plantations in Cameroon”.

Additionally, it emphasises the risk that the plantation may damage the Dja Faunal Reserve, which is a Unesco World

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