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Norway bans Dongfeng From oil fund; Siemens on watch

Author: Marianne Stigset, Bloomberg, Published on: 13 March 2009

Norway barred its oil fund…from investing in…Dongfeng Motor on a recommendation from the Council on Ethics because of sales of military trucks to Myanmar…Company spokesman Hu Xindong said no one could comment…and deferred questions to Monday…Norway set up rules in 2004 to ensure the fund doesn’t invest in companies involved in human rights abuses, environmental damage, or the production of some weapons...“We can’t finance companies that support the military dictatorship in Burma through the sale of military materials,” [Finance Minister] Kristin Halvorsen said in the statement.

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Related companies: Dongfeng Motor