A number of parties have presented well-reasoned arguments for ethical investment criteria, yet
nothing has happened. In August, the Government announced that it is to establish an "ethical committee". This
committee will assess whether the Petroleum Fund's investments are incompatible with Norway's international
commitments to fight the production of land mines, biological weapons, and chemical weapons. Nothing more; not
slavery, not nuclear scandals, not the ruination of people's livelihood, and not the destruction of rainforests.
Thus, we became enlightened.
The Labour Party has simply not understood the difference between ethics and law! This explains our Government
Party's bias towards prohibiting everything they don't like. Moreover, it explains issues ranging from the appalling
management of the Petroleum Fund to our country's inhumane immigration policy. They believe everything legal is
The Petroleum Fund debate will hardly progress until the Labour Party has realised this fundamental difference.
Norwatch Newsletter 8/01