Norwegian Govt. Pension Fund excludes Norilsk Nickel from investments over Siberian pollution

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Author: AFP

Le fonds de pension public norvégien, un des plus gros fonds souverains au monde, a vendu ses parts dans le géant minier russe Norilsk Nickel accusé de provoquer d'importants dégâts sur l'environnement, a indiqué le ministère norvégien des Finances... "Le Conseil d'éthique (qui émet un avis sur les placements du fonds) juge probable que les activités de Norilsk contribuent à des dégâts environnementaux importants...", a expliqué le ministre [norvégien des Finances] dans un communiqué.. "Les quelque 200.000 personnes qui vivent dans le voisinage des activités industrielles de l'entreprise (...) sont continuellement exposées à de fortes concentrations de produits polluants dans l'air, le sol et l'eau", ajoute le communiqué.

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20 November 2009

Norway fund kicks out Norilsk Nickel over Siberian pollution controversy

Author: Daniel Brooksbank, Responsible Investor

Norway’s...Government Pension Fund has excluded Norilsk Nickel...from its investment portfolio after its Council on Ethics accused the company of causing serious environmental damage at its Siberia operations, close to the border with Norway... The blacklisting follows a 21-page recommendation by the Council to the Ministry in February this year, which criticised high emissions of sulphur dioxide and heavy metals at Norilsk Nickel’s operations in the Taymyr Peninsula in Siberia... Norilsk says on its website that it “adheres to principles of ecological accountability and does not conceal its ecological problems from the public” and that it is in compliance with the ISO14001:2004 ecological management standard.

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