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Article

30 Jan 2009

Author:
Vibeke Laroi, Meera Bhatia, Bloomberg

Norway Excludes Textron, Barrick Gold From Oil Fund

Norway excluded Textron Inc. and Canadian miner Barrick Gold Corp. from its oil fund, citing the production of cluster weapons and environmental concerns...“We share in the international community’s goal of limiting the impact of war, particularly hazardous unexploded ordnance, on civilian populations,” Stephen Greene, a Textron spokesman, said...Barrick spokesman Vince Borg said the company disagrees with the allegation that investing in the company entails an unacceptable risk of contributing to environmental damage...