KLP, the Norwegian local government pension scheme, no longer wants to include one of the world’s largest fertilizer companies in its investment portfolio.
KLP made the announcement today.
KLP explains its exclusion with the fact that that the "purchase of phosphates from Western Sahara via a long-term contract with the state-owned Moroccan company Office Chérifien des Phosphates (OCP), is deemed to represent an unacceptable risk of contributing to violations of basic ethical norms, and therefore contravenes KLP’s guidelines for responsible investment. This assessment is in keeping with KLP’s previous practice."
Download the entire analysis by KLP regarding Agrium here.
US eyes minerals in occupied Western Sahara
Seeking to position itself as a key supplier of strategic minerals for Western powers, Morocco has signed a new agreement with the United States that covers Western Sahara’s waters and the critical minerals harboured there.
TAQA-Moeve obtains land in occupied Western Sahara
Morocco’s push for green hydrogen has taken a decisive step forward - on territory it does not legally own.
EU-Morocco Statement: autonomy without self-determination, law without lawfulness
A joint statement that came out of last week’s EU-Morocco Association Council asks readers to believe in a fiction: that an undefined autonomy plan imposed by an occupying power can satisfy the right to self-determination, and that respect for international law can coexist with the systematic ignoring of the EU’s own highest court.
Greenland Yes, Western Sahara No? The EU’s self-determination test
As the European Union rightly rallies behind Greenlanders’ right to decide their own future in the face of external pressure, a test of the EU’s real commitment to self-determination is quietly unfolding in Brussels.