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The British bank BlackRock has divested from Lev Leviev settlement projects on West Bank. The divestment follows pressure by three Norwegian banks marketing BlackRock funds. BlackRock was second biggest shareholder in the controversial Israeli firm.
Indian workers make manhole covers for the Nordic market for a miserable wage and without protective gear, assurance or sick pay. A Norwegian firm sells the covers on to other Nordic countries.
The Norwegian Government Pension Fund has invested almost 20 million euro in the Chinese shipping group COSCO, which owns and operates the bulk carrier Full City, wrecked outside Langesund in Telemark, Norway. The partly state-owned Chinese shipping group is already highly controversial and has for several years been involved in much-disputed arms transport to undemocratic regimes.
Saga Petroleum’s old oil installation in the Seme field outside Benin is rusting away; oil is leaking out and risks causing great environmental problems in one of West Africa’s most abundant ocean fishing areas. Now Benin has asked Norway to help clean up.
The working conditions are extremely dangerous, the salaries low and the environmental standards minimal. Norwegian shipyards that order hulls in Eastern Europe can both cut costs and take short turns, according to a new Norwatch report.
When Norwatch examined Green Resources’ tree-planting project in Tanzania more closely in 2000, one of the objections was that Tanzania leased out the ground at a bargain price. Nine years later the leasing price has sunk to a third of that.
The Norwegian investor KLP has today announced that they have kicked out the Australian firm Incitec Pivot from its funds. The company imports phosphate rock from Western Sahara, which is occupied by Morocco.
This autumn there were street fights, tear gas, and plunder at Camposol’s sweet pepper plantations.
In Peru two villages lost land when a Norwegian-registered agricultural company started cultivating sweet peppers.
The Norwegian seismic company Fugro-Geoteam has completed its controversial exploration offshore occupied Western Sahara. Their employer’s plans to become established on the Canary Islands have aroused strong reactions.
Kristin Halvorsen, Minister of Finance, has presented a revised version of the ethical guidelines for the Norwegian Pension Fund: The tobacco producers will be excluded.
Two workers at a Norwegian owned fish farm company died in a working accident in Chile on 1 April 2009.
Fokus Bank, Storebrand and Skandiabanken have until recently offered their clients funds in which the controversial company Africa-Israel Investments is listed. Storebrand does not know if it is still the case. The UK fund manager is dead quiet.
Norwegian pension money has been invested in an Israeli company that is constructing illegal settlements on the West Bank. Africa-Israel Investments has been turned down by the British Foreign Office, and the British Embassy refuses even to be the company’s tenant in Tel Aviv.
The Moroccan Navy was asked to support Fugro-Geoteam’s oil assignment outside occupied Western Sahara. This is shown by an internal Moroccan government document that Norwatch has obtained.