Luxembourg pension fund blacklists six firms over Saharan imports
Article image

A Luxembourg government fund has excluded six companies from its portfolios due to "association to illegal exploitation of natural resources (Western Sahara)".

Published 19 November 2014

On 15 November 2014, the Fonds de Compensation commun au régime général de pension (FDC), published the list of 61 companies that it has decided to blacklist. No less than six of those companies have been rejected because they purchase phosphate from Moroccan occupied Western Sahara.

FDC has divested from Canada's Agrium Inc and Potash Corp Sasketchewan, Australian firms Wesfarmers and Incitec Pivot Ltd and USA firms Innophos Holdings and FMC Corporation, citing their "association to illegal exploitation of natural resources in Western Sahara".

All six companies had been listed by WSRW in its June 2014 "P for Plunder" report, which gives a complete overview of all clients, volumes, values and shipments of illegally excavated phosphate rock from occupied Western Sahara for the years 2012-2013.

The file from FDC can also be downloaded here. 
 

These are the clients of Morocco’s phosphate plunder

For the eleventh year in a row, Western Sahara Resource Watch publishes a detailed, annual overview of the companies involved in the purchase of conflict phosphates from occupied Western Sahara.

22 May 2024

This port is the biggest exporter of gas into occupied Western Sahara

For the first time, Portugal is the biggest exporter of gas products into occupied Western Sahara. 

15 May 2024

France offers to pay for problematic powerline

The French government intends to finance a cable that will transport energy from Morocco's illegal projects in occupied Western Sahara to Morocco proper.

07 May 2024

SRI update

The following overview enlists stock-exchange registered companies currently operating in Western Sahara. Updated 6 May 2024.

06 May 2024