Claims have been made that Norway's Oil Fund holds shares worth Nkr46.6 million ($7.6 million) in US oil company Kerr McGee, contrary to established ethical guidelines.
The allegations were made in Norwegian newspaper Aftenposten today.
KMG is actively exploring offshore Western Sahara which runs counter to policies expressed by the Norwegian government.
Oslo's Finance Minister Per-Kristian Foss has received a letter from the Sahrawi Foreign Minister Mohamed Salem Ould Salek askign him "to consider ending its involvement with this company (which) is acting in violation to international law and the wishes of our people".
Norway's Western Sahara Support Group spokesman Erik Hagen this week said French giant Total had already withdrawn claiming a lack of oil in the area. Officials contacted by Aftenposten doubted any clear recommendation for action would emerge until after Christmas.
Morocco occupies the major part of its neighbouring country, Western Sahara. Entering into business deals with Moroccan companies or authorities in the occupied territories gives an impression of political legitimacy to the occupation. It also gives job opportunities to Moroccan settlers and income to the Moroccan government. Western Sahara Resource Watch demands foreign companies leave Western Sahara until a solution to the conflict is found.
Leading activists from Western Sahara are condemned to sentences ranging from 20 years to life imprisonment in connection to a mass protest in 2010 denouncing the Saharawi people’s social and economic marginalization in their occupied land; the Gdeim Izik protest camp.
At COP22, beware of what you read about Morocco’s renewable energy efforts. An increasing part of the projects take place in the occupied territory of Western Sahara and is used for mineral plunder, new WSRW report documents.
Big oil’s interest in occupied Western Sahara has taken a dramatic turn for the worse. Some companies are now drilling, in complete disregard of international law and the Saharawi people’s rights. Here’s what you need to know.