Danish pension firms are financing oil exploration activities in the North and Barents seas

Akademikerpension and AP Pension have millions of euros invested in the world’s largest drilling rigs but deny being in conflict with their own net-zero policies.

"There is certainly no need for more oil extraction," says Kirsten Halsnæs, Professor of Climate and Economics at DTU. | Photo: Magnus Holm

by JOACHIM KATTRUP, DANWATCH REDIGERET AF: METTE MANDRUP

The Barents Sea, north of Norway, is one of the world’s most dangerous waters. But the harsh marine environment beckons with vast riches in the form of oil and gas fields.

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