Norway’s wealth fund expels POSCO, Daewoo Int’l over palm oil holdings

August 18, 2015, news.mongabay.com, | “Norway’s central bank is divesting the country’s $870 billion pension fund of its holdings in four Asian multinationals over rainforest destruction for palm oil in Southeast Asia, the bank announced yesterday.  Two of the companies, steelmaker POSCO and its subsidiary Daewoo International Corp., are headquartered in South Korea. The others, Genting Bhd. and IJM Corp. Bhd., are Malaysian conglomerates.”

GoodNews FortheEarth shared a link. Norway’s wealth fund expels POSCO, Daewoo Int’l over palm oil holdings destruction of Rainforests!

Genting, IJN are also being divested from because of rainforest destruction in Indonesia.
news.mongabay.com
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