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Article

30 Jan 2012

Author:
signed by 29 human rights & environmental advocates, scholars and others

Call for Norwegian Government Pension Fund disinvestment in Shell

We, the undersigned conservation scientists and professionals from around the world, write to you today asking you to take action on a matter of significant importance regarding corporate social responsibility and ethical investment...Clearly, it would be unethical for the Norway Fund to continue “profiting” from its investments in Shell, while Shell is “profiting” from its continuing negligence regarding the environment and people of the Niger Delta...[W]e respectfully encourage the Council on Ethics to recommend full divestment and exclusion of all holdings of the Norway Government Pension Fund in...Shell...and its subsidiaries, due to the consistent and severe environmental and social harm caused by Shell’s negligent oil and gas operations in the Niger Delta...We...feel this would send a powerful message to the petroleum sector globally. We also feel divestment by the Norway Fund will provide strong motivation for Shell to improve its environmental and social performance in Nigeria and globally. [Business & Human Rights Resource Centre invited Shell to respond, but it declined to do so.]