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Ethics
by leon on September 10, 2008
Fascinating developments with reports that Norway's $436 billion sovereign wealth fund has sold its stake in Rio Tinto because of concerns about the company damaging the environment in Indonesia.
What's interesting about this story is that most companies excluded from Norway's investment program on ethical grounds are US firms that produce military hardware. Now they are extending it to miners, although it's worth noting that two years ago, it dumped its Holdings in Wal-Mart, claiming human rights and labor rights violations.
Permalink: Norway has ethics problems with Rio Tinto
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/133532
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