Tag: Norway

Norwegian pension fund gives clear message to banks on Rampal – stay out

The Norwegian Global Pension Fund divested from India's National Thermal Power Corporation (NTPC) in early 2015 due to its investments in the controversial and destructive Rampal coal plant in Bangladesh. Private banks should now follow the lead of the Norwegian fund and publicly commit to not financing a project that spells disaster for the Sundarbans, a World Heritage Site and the world's largest mangrove forest.

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