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Monday, May 13, 2024

Norway pension fund blacklists Gulf companies

Saudi Aramco excluded on environmental grounds, others for human-rights concerns

An employee walks past a storage tank at the Ras Tanura oil refinery and oil terminal operated by Saudi Aramco in Saudi Arabia. (Photo: Reuters)

Norway’s largest pension fund has divested $15 million from Gulf companies on concerns they may contribute to human rights violations, and decided to exclude the oil producer Saudi Aramco because…

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