Danish pension fund draws a line, excludes the world's ten largest oil companies
The oil company exclusion has MP Pension divest equities totaling EUR 86.4 million, which is equivalent to two thirds of its total investments in oil. The companies lack a plan to become more climate-friendly and they work against climate-related regulation, the pension fund claims.
BY MICHAEL DUELUND, FINANSWATCH
In its chase for a greener planet – and a more reliable future return – MP Pension has made an ultimate decision to exclude the ten largest global oil companies from the pension fund's investment universe.
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