The seven companies have been excluded because they are either developing or are contributing to the production of nuclear arms. The decision to blacklist the companies is based on advice from the Petroleum Fund's Advisory Council on Ethics.
- This was an easy decision to make, since the Council has made thorough preliminary work, and there is broad agreement in Norway that our pension money should not contribute towards the production of nuclear arms, Finance Minister Kristin Halvorsen said when presenting the list.
The companies that will be dropped by the State Pension Fund are: BAE Systems Plc, Boeing Co., Finmeccanica Sp.A., Honeywell International Inc., Northrop Grumman Corp., Safran SA and United Technologies Corp.
Ten companies have been blacklisted earlier, among other things for producing cluster bombs.
The Norwegian Pension Fund is now worth NOK 1,360 billion, (US$ 204.5 billion), and is the second largest fund in the world.
(NRK)
Rolleiv Solholm
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