KLP, Norway’s largest pension fund, announced that it will no longer
invest in companies that generate revenue from oil sands projects.
In the past ten years
the Norwegian pension fund KLP has invested heavily
in Canada’s oil sands mining company
but this Norwegian pension fund is also in a situation
when the world’s environmental protection wave
caused by the global climate change is higher than the wave
It has changed its investment project selection criteria.
The KLP Norwegian Fund, which has $94 billion in assets
now believes that the oil sands mining project
in the Fort McMurray area in northern Alberta, Canada
is also an environmentally harmful resource development project
due to the large amount of greenhouse gases generated and coal mining projects.
Canadian energy companies affected by the Norwegian KLP Retirement Fund’s
termination of investment decisions include Cenovus Energy
Suncor Energy, Husky Energy 和Imperial Oil公司
Suncor Energy, Husky Energy and Imperial Oil.
Recently, the Norwegian KLP Retirement Fund Company sold a total of
$77 million in the above-mentioned company shares.
However, the Canadian oil sands mine
Cenovus Energy, emphasized that
the company’s greenhouse gas emissions per barrel of oil
have been reduced by a third compared to a decade ago
due to advanced mining and refining technologies
Suncor said that some of its oil sands produced oil that
produces the same greenhouse gas per barrel as the
US greenhouse oil produced per barrel.