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NorWatch can reveal that UNI Storebrand's «environmental fund» (Storebrand Scudder Environmental Value Fund), in stark contrast with its green image, is investing in activities hostile to the environment. On the list of the ten companies where the green fund has made the largest investments, we find several of the most infamous multinational companies in the world, among others the mining giant Rio Tinto Zinc (RTZ). The green fund has invested in the nuclear industry, car industry, armament, large greenhouse gas producers and activities which destroy tropical forest and expel natives. Where is the green profile? When confronted with NorWatch's criticism, UNI is of the opinion that the investment the Green Fund has been doing is a step in the right direction for the environmental cause. Concerning the mining giant RTZ, UNI has been giving contradictory signals. First they considered selling the shares in the company, the next moment they supported the company's environmental profile.