Mining company excluded from the Government Pension Fund — Global due to contribution to serious environmental damage
Based on a recommendation from the Council on Ethics for the Government Pension Fund — Global, the Ministry of Finance has excluded the Canadian mining company Barrick Gold Corporation from the Fund. Barrick mines for gold in the Porgera mine in Papua New Guinea. The recommendation is based on the assessment that investing in the company entails an unacceptable risk of the Fund contributing to serious environmental damage.
News selected by Covalence | Country: Global | Company: Barrick Gold | Source: Ministry of Finance of Norway