Government Pension Fund – Global: Dongfeng excluded and Siemens under observation

Norway barred its oil fund, the world’s third-biggest sovereign wealth fund, from investing in China’s Dongfeng Motor Group Co. Ltd.  and put its holding in Siemens AG under observation, citing ethical guidelines.    The Ministry of Finance has excluded the Chinese company Dongfeng Motor Group Co. Ltd from the Government Pension Fund - Global, based on advice from the Council on Ethics. The company sells military trucks to Burma. “We cannot finance companies that support the military dictatorship in Burma through the sale of military materials,” says Minister of Finance Kristin Halvorsen. The Norwegian Ministry of Finance has decided to place the Ge
Become a subscriber to keep reading and gain access to 1000s of articles! Digital subscriptions start at $7 for one month of access, and a one-year digital subscription is only $30. Subscribe Check out our subscriber plans
Already a subscriber? Log in here

The Norwegian American

Published since May 17, 1889 PO Box 30863 Seattle WA 98113 Tel: (206) 784-4617 • Email: naw@na-weekly.com

You may also like...

%d bloggers like this: