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Article

19 Jan 2010

Auteur:
Vibeke Laroi, Josiane Kremer, BusinessWeek

Norway Excludes 17 Tobacco Companies From Oil Fund

Norway excluded 17 tobacco companies, including British American Tobacco Plc and Philip Morris International Inc., from its sovereign wealth fund based on ethical guidelines. Altria Group Inc., Japan Tobacco Inc., Reynolds American Inc., Swedish Match AB and Imperial Tobacco Group Plc, were also excluded and the shares have been sold, the Finance Ministry said...Souza Cruz SA, South Korea’s KT&G Corp., Universal Corp VA, Vector Group Ltd., Lorillard Inc. [part of Carolina Group] and Alliance One International Inc. were also excluded.