The world's largest sovereign wealth fund, Norway's $1.4 trillion Government Pension Fund Global (GPFG), is excluding India state firm Oil and Natural Gas Corporation Limited (ONGC) from its portfolio due to the company's ties to groups that seriously violate human rights in South Sudan. Norges Bank, which manages the so-called oil fund that has amassed its wealth from Norway's oil and gas, has decided to exclude four companies from the fund, including the Indian state-owned ONGC, Norges Bank said in a statement.
The Council on Ethics has recommended…Norway's Wealth Fund Drops Indian Oil Firm ONGC From Portfolio
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