Clear The Air News Tobacco Blog Rotating Header Image

Norway divests $2 billion from tobacco companies

http://www.fctc.org/index.php?Itemid=206&catid=44:industry-interference&id=261:norway-divests-2-billion-from-tobacco-companies&option=com_content&view=article

Today, the Norwegian Government announced that it will divest its funds from all companies which take more than five percent of their profits from tobacco production.

The Norwegian government pension fund, Global, which according to www.pensionfundsonline.co.uk is considered to be the world’s second largest pension fund, has till recently held huge interests in the tobacco industry.

The Norwegian Minister of Finance, Ms Kristin Halvorsen, today announced that Norway will divest USD 2.1 billion which is currently invested in the tobacco industry and replace this with other stocks.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>