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Editorial: Backfire

In Dagens Næringsliv (The Norwegian Financial Daily) the 15th of May NorWatch criticizes the Government for not taking ethical considerations into account when planning the investments of the Oil Fund.  The same view is being advocated in the same article by Carlos Joly, the director of Storebrand's Environmental Value Fund.
Artikkelen er mer enn to år gammel. Ting kan ha endret seg.
In Dagens Næringsliv (The Norwegian Financial Daily) the 15th of May NorWatch criticizes the Government for not taking ethical considerations into account when planning the investments of the Oil Fund.  The same view is being advocated in the same article by Carlos Joly, the director of Storebrand's Environmental Value Fund.

"I cannot follow a reasoning that will not take into consideration factors such as the environment, especially when Norwegian authorities are concerned with sustainable development," Joly said.

We can do nothing but applaud the lead.  This will especially be of current interest in connection with the land conflict often mentioned by NorWatch, and the environmental consequences caused by the eucalyptus plantation Aracruz in Brazil.

It is our hope that the Oil Fund will be given strict, ethical directions concerning each of environment, natives, working conditions and human rights, and thereby will avoid companies like Aracruz.

We should also expect this from Storebrand's Environmental Value Fund.

Norwatch Newsletter 6/97

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