Norway’s $70B Pension Fund Blacklists Dozens of Gulf Companies

Norway’s largest pensions manager, KLP, has blacklisted a dozen Gulf companies listed in Saudi Arabia, the United Arab Emirates, Qatar and Kuwait on concerns they may facilitate human rights violations and also divested from Saudi Aramco due to climate risks, Bloomberg reports.  KLP, which oversees $70 billion in global investments, has excluded companies in the real estate sector on claims that migrant workers from Africa and Asia have faced human rights violations and discrimination and has also targeted the telecommunications sector…