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Article

2 Jun 2009

Author:
Erik Hagen, Norwatch

Norwegian investor blacklists fertilizer company

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]