Vale is Excluded From Portfolio of Norway’s Largest Pension Fund After Brumadinho

According to the Norwegians, the accident "constitutes an unacceptable risk" contributing to "serious human rights violations and serious environmental damage."

By Xiu Ying, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The Kommunal Landspensjonskasse (KLP), Norway's largest pension fund, has excluded the mining company Vale from its investment portfolio last Friday (3rd) as a result of the collapse of the Córrego do Feijão dam at Brumadinho (MG).

According to KLP, the accident "constitutes an unacceptable risk" contributing to "serious human rights violations and serious environmental damage."

The fund, which manages a total of R$294 . . .

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