"KLP excludes companies involved in Dakota Access Pipeline",

In light of the most recent developments around the Dakota Access Pipeline, KLP has decided to exclude the companies Energy Transfer Partners, Phillips 66, Enbridge Inc. and Marathon Petroleum Corporation from its investments due to an unacceptable risk of contributing to human rights violations...On March 3rd, the UN Special Representative on the Rights of Indigenous Peoples held a press conference following her visit to the United States, including North Dakota. The UN Special Representative concluded that the affected tribes were not sufficiently consulted in connection with the project. She also expressed deep concern over the executive order from January this year, which granted permission to complete the Dakota Access Pipeline without a broader environmental impact statement... In ultimately reaching the decision to divest, the most recent statement from the UN Special Rapporteur, in conjunction with the executive order from January, form the basis for this decision...A previous recommendation from the Council on Ethics for the Government Pension Fund Global that addresses the rights of indigenous peoples has also contributed to KLP's evaluation of the case. Additionally, KLP has not been able to achieve a sufficient level of progress in influencing the companies through active ownership...