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.
One of the richest coastlines in the world
The fish stocks of occupied Western Sahara have not only attracted the interest of the Moroccan fleet: other foreign interests are also fishing in the occupied waters through arrangements with Moroccan counterparts. Along the Western Saharan coastline, a processing industry has emerged.
The CJEU Court Cases
Keeping track of the many legal proceedings relating to Western Sahara is not easy. This page offers an overview of the cases concerning the territory that have been before the Court of Justice of the European Union (CJEU).
Tūhana human rights advisors ignore human rights
A consultancy hired to assess phosphate imports from occupied Western Sahara into New Zealand concludes there is no problem.
MEPs push back on Commission over Western Sahara in EU–Morocco trade
MEPs from across the political spectrum sharply criticised the European Commission over its handling of EU-Morocco trade relations covering occupied Western Sahara, raising concerns over legality, transparency and an apparent disregard for Parliament’s role.