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Today, 1 June, the 2018 Transition Accord will take effect, working to make garment factories in Bangladesh safer. It will continue the work of its predecessor, which was established shortly after the deadly Rana Plaza collapse in 2013, to inspect factories and monitor renovations in a credible and transparent way.
The Director of the Norwegian Nobel Institute, Olav Njølstad, admits that the Nobel Foundation is invested in companies that produce nuclear weapons, but promises to divest within 12 months.
The Nobel peace prize 2017 is awarded to ICANs work for a world without nuclear weapons. The Nobel Foundation has a numerous problematic investments, poor ethical guidelines and very limited transparency. Weapons, tobacco and a number of problematic coal and oil companies are among the investments. The Foundation has not yet rejected that they also have investments in companies involved in production of nuclear weapons.
While the Zara-billionaire Amancio Ortega earns 781 000 USD an hour, the women producing garments for the company make less than a 40 cent.
Today, UNIFOR, an institution which funds scientific research at the University of Oslo, Norwegian University of Science and Technology and the Norwegian University of Life Sciences has officially announced it will divest over 20 millions Euros from fossil fuels.
NGOs Slam Expert Group’s Report on Coal and Oil Investments of the Norwegian Government Pension Fund
Press Release 4.12.2014, from Urgewald, Future in our hands/Framtiden i våre hender and Greenpeace Norway