Ministry of Finance excludes Samling Global from the Norwegian Government Pension Fund
OSLO, NORWAY. One of the world's largest institutional investors, the Norwegian Government Pension Fund, has sold all its 16 million shares of Malaysian timber giant Samling Global, worth 1.2 million US $, as a consequence of a groundbreaking decision announced today by the Norwegian Ministry of Finance.
Indigenous land owners, students, and citizens in Madang province have been vigorously protesting an amendment to the Environmental Law that denies their right to appeal decisions made by the Ministry of the Environment and Conservation. All forms of protest against the amendment have been banned and criminalized by the government.