A Luxembourg government fund has excluded six companies from its portfolios due to "association to illegal exploitation of natural resources (Western Sahara)".
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.
At least six Scandinavian investors have the last few years divested from international fertiliser firms importing from occupied Western Sahara.
The Norwegian Government Pension Fund has invested billions of Norwegian kroners in companies that participate in the plunder of Western Sahara. An examination carried out by Norwatch shows that Pension Fund companies are behind two-thirds of all phosphate purchases in the occupied country. Norwatch, 06 October 2009.
The export of phosphate rock from occupied Western Sahara has never been lower than in 2019. This is revealed in the new WSRW report P for Plunder, published today.