Norwegian investor blacklists fertilizer company

Author: Erik Hagen, Norwatch, Published on: 2 June 2009

For the second time, KLP has thrown an Australian fertilizer firm out of its portfolios due to Western Sahara trade...“Extraction of natural resources from occupied territories, particularly from Western Sahara, has been considered illegal by the UN’s under-secretary general for legal affairs in 2002”, Jeanett Bergan, head of Responsible Investments in KLP Kapitalforvaltning, wrote in a press release today...In addition to Incitect Pivot, also the Chinese firm DongFeng has been excluded from KLP today. [also refers to Wesfarmers, Jinhui, Yara, Exxon Mobil, Grupo Ferrovial, Marathon Oil, Monsanto, Richemont, Thales, PetroChina]

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Related companies: Dongfeng Motor ExxonMobil KLP Forsikring Marathon Oil Monsanto PetroChina (part of China National Petroleum Corporation) Richemont Thales Wesfarmers Yara