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Monday, October 14, 2013

Norway oil fund to sell holdings on environmental concerns

Some of the world's biggest miners, such as Rio Tinto and Barrick Gold are banned as they have badly damaged the environment.
The government also asked the fund to raise issues about mining related environmental damage with AngloGold Ashanti but has not excluded the firm from its investment list, despite such a recommendation from its ethics council.
“We do have an ongoing dialogue with these companies and we've had for along time, over the past two years... and they've showed good results,” oil fund spokesman Thomas Sevang said. 

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