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KLP removes Chevron from blacklist after 13-year ban – IPE

Date: Dec 8, 2017

KLP, Norway’s main provider of municipal pensions, has added US oil giant Chevron back to its investment universe after a 13-year exclusion after the basis for the blacklisting was largely discredited. The NOK641bn (€65.7bn) pension fund said a 2016 US court ruling meant that documents in an environmental case against Chevron – upon which the KLP exclusion was at least partly based – had been falsified, and witnesses and judicial officials had been bribed. Read more>>