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The Norwegian Government Pension Fund – Global (also called 'The Petroleum Fund') is still investing in the weapons producer Textron, which is on the Human Rights Watch list of cluster-weapon producers. Textron produces the high-technology “smart” cluster weapons known as CBU-97 and CBU-105. The Advisory Council on Ethics believes such advanced cluster weapons do not leave behind unexploded bombs and therefore do not constitute a humanitarian problem.
The strike in the beginning of February at the Norwegian salmon-processing plant in Chile gave the employees even lower wages than previously. “The wage situation was not even discussed”, the union representative in Mainstream told Norwatch.
Norwegian weapons export to the USA consists to a constantly greater extent of components for offensive weapons. Norwatch’s examination of figures from Statistics Norway showed that more than 76% of export to the USA in 2006 consisted of parts and components for cannons, artillery, flame-throwers, howitzers, mortars, and launching pads for rockets and grenades. In 1 year the export of this type of offensive war material has increased from 44,3 mill to 75,5 million euros. (See also Norway Tops the Weapons List).
Norway ranks high on the list of the world’s largest weapons exporters, which is topped by giants like the USA, Russia, France, Germany and England. Despite great variations in the rankings, Norway has a secure place on the list of the world’s 20 largest exporters of war materials.
Aracruz financed all the political parties and is, among the cellulose firms, decidedly the largest contributor to the politicians’ election campaigns. The cellulose industry keeps a tight rein on Brazilian politicians at all levels – from local politicians at the state level to recently elected President Lula da Silva.
A small brokerage firm outside Oslo has played a key role in linking the Moroccan fishing industry in occupied Western Sahara with buyers on the world market. The company does not wish to comment on the relationship.
From: “Unknown harbour in Morocco”. That is how Western Sahara fish oil that reaches Norway is registered. Western Sahara is occupied by Morocco, and Norwegian authorities advise against the trade.
An active investment policy and divestments have pressured the Marriott hotel chain into taking child prostitution seriously. But the Norwegian Petroleum Fund never withdrew from the Marriott chain after the prostitution scandal in Costa Rica. Nor did The Bank of Norway participate in a joint investment initiative to get rid of the odious practice. The lack of transparency makes it impossible to ascertain whether The Bank of Norway has done anything whatsoever.
Norway has not stopped the import of fish oil from the Moroccan–occupied Western Sahara. The Norwegian exporter in Western Sahara is uncertain about who receives the oil, whereas the importer in Norway is uncertain about where the fish oil actually originates from. The two managers are partners in a third Norwegian fish-oil company.
The construction of a Norwegian fishery plant planned for El Aaiun in Morocco-occupied Western Sahara was in 2005 stopped at the last minute. After intervention by the Norwegian Ministry of Foreign Affairs it was instead decided to place the plant in Morocco. But neither the exporter nor the importer can tell us anything about where the plant’s raw materials derive from.

Political contacts all the way inside São Tomé’s presidential family enabled the Norwegian seismic services company PGS to obtain two lucrative agreements in 2001. Today the authorities in the African island state are the losers in the game. They signed a production agreement with PGS but ended up with a new business start-up they had never requested. The companies transferred the rights among themselves, and São Tomé became a pawn in their game.

Cermaq’s subsidiary Mainstream Chile has been fined for overproduction at two of the company’s plants in Chile. “Cermaq has become a big exporter of problems. The fine is unfortunately only a drop in the ocean for a company with such large profits,” Don Staniford of Pure Salmon Group told Norwatch.
While the Norwegian government has agreed to send 170 Norwegian soldiers to Sudan, the Bergen-based company Rolls-Royce Marine is sending engines in order to pump up oil in the area. “We are not engaged in politics”, the company claims.
Green Planet has misused Nobel Peace Prize winner Wangari Maathai in order to promote itself. “A misunderstanding”, says Rino Solberg, the company’s head. Green Planet has removed all information about a supposed agreement with Maathai after Norwatch started digging into the case. Maathai has informed Norwatch that she has never signed an agreement with Green Planet.
Simultaneously with the Tupinikim and Guarani Indians’ visit to Norway to protest against Aracruz Celulose, the Indians’ land conflict with Mr. Erling Lorentzen’s company is being carefully studied by the Advisory Council on Ethics for the Norwegian Government Pension Fund – Global. The Ministry of Finance’s final decision in the Aracruz case is now dependent on the developments in process in Brazil.