Industry News: ESG

KLP Banishes NAT in Bid to End Ship Scrapping on Asian Beaches

Written by ESG | 19-Mar-2019 5:48:17 PM

2019-03-15

IPE: The Norwegian pension fund Kommunal Landspensjonskasse (KLP) excluded the Norwegian-led oil shipping company Nordic American Tankers (NAT) from its investments in January in a bid to help prevent the controversial practice of scrapping ships on beaches in Asia.

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