The Pension Fund’s Carbon Bubble

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Detaljer

05.11.12

Skrevet av Sigurd Jorde

The Norwegian Government Pension Fund – Global has shares in 90 of the world’s 100 largest oil companies listed on stock exchanges and in 67 of the 100 largest coal companies. Altogether NKR 241 billion are invested in companies that own more carbon than what we can use if the world is to fulfil the 2ºC goal. This is shown by a calculation made by The Future in Our Hands.

Pension Fund Company accused of Forced Labour

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Detaljer

16.10.12

Skrevet av Sigurd Jorde

The Canadian mining company Nevsun is accused of profiting from forced labour. The Norwegian Government Pension Fund – Global has invested NKR 74 million in the company.

The Pension Fund Profits from Gold Rush in Eritrea

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Detaljer

16.10.12

Skrevet av Sigurd Jorde

Eritrea’s youth is fleeing the country by the thousands to get away from forced labour and one of the world’s most repressive countries. The authoritarian government of Eritrea has invited international mining companies to participate in the extraction of gold, copper, and other minerals. The Norwegian Government Pension Fund – Global is taking part in the gold rush, as investor in three mining companies in Eritrea, which all contribute to maintaining the controversial regime.

Bitter Drops in South African Wine

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Detaljer

12.10.12

Skrevet av Sigurd Jorde

The farm workers’ story of how South Africa’s wine is produced is seldom heard. A bottle of red wine from the wrong vineyard carries the scent of suppression and the taste of bitter tears.

The Church Admits to Violations

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Detaljer

09.08.12

Skrevet av Anne Kari Garberg

The Church of Norway has, through Opplysningsvesenets Fond (OvF), made a show of ethical investments in tree-planting companies in Mozambique. But the reduction in poverty and the afforestation remained on paper only. OvF now admits that agricultural land has been stolen from farmers with small holdings and original forest has been cut down.

Used Clothing Has Taken Over

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Detaljer

09.08.12

Skrevet av Anne Kari Garberg

Not everyone is happy about the enormous influx of second-hand clothes to Uganda. Trade unions and business executives believe it will finish off the local textile industry.

Used Clothing is Big Business

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Detaljer

09.08.12

Skrevet av Anne Kari Garberg

Norwegians export more than double as much second-hand clothes as 10 years ago, altogether 20,000 tonnes in 2011. Perhaps your used trousers or tight top will find a new owner at the second-hand market in Uganda?

Norwegian Oil Aid Supports Secrecy

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Detaljer

29.05.12

Skrevet av Anne Kari Garberg

Norway has granted millions in aid to the development of the Ugandan oil sector. Critics are arguing that the aid contributes to secrecy, corruption and inadequate legal regulations. They are urging the Norwegian government to pressure Uganda to ensure that the oil industry does not end up being a curse for the country.

Tree-planting Project Threatens Food Security

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Detaljer

03.05.12

Skrevet av Anne Kari Garberg

The Norwegian company Green Resourcehas has aqcuired vast areas of land for tree planting projects in Uganda. The company may earn good money from selling carbon credits, but local residents are losing their gardens and grazing fields to the plantation.

The Indigenous Population Is Losing to the Trees

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Detaljer

30.04.12

Skrevet av Anne Kari Garberg

Uganda Land Alliance (ULA) is worried that local communities suffer when foreign investors acquire land in the country’s many forest and nature reserves. Ugandan laws do not take into consideration the livelihood concerns of the citizens and the companies hide behind the unjust laws, the organisation says.