Norway has urged its companies that actively do business in Brazil to make sure that they are not contributing to destruction of the Amazon rainforest, as Reuters reported. Norway’s Climate and Environment Minister Ola Elvestuen discussed the Amazon fires with representatives of the oil firm Equinor, fertilizer-producer Yara, and aluminum producer Norsk Hydro. The Norwegian state is the largest shareholder of all three firms, according to Reuters . Norway’s biggest asset investors demand action on Amazon fires https://t.co/omeEMKEcRT https://t.co/3Ml5PLvqza — Al Jazeera News (@AJENews) 1566933906.0 "They must be conscious about their supply chains and ensure that they do not help contribute to deforestation," Elvestuen told reporters after the meeting. The meeting was also attended by pension fund Kommunal Landspensjonskasse ( KLP ) and environmental non-governmental organizations to discuss ways to help save the rainforest from devastation. KLP, Norway’s largest pension fund, has taken an activist role in pressuring investors, banks and agribusinesses operating in Brazil to take action on the fires decimating the Amazon rainforest, as MarketWatch reported. "We have engaged companies which undertake significant trade in agricultural products from Brazil because we want rapid dialogues and concrete actions given this extremely serious situation," said Jeanett Bergan, KLP’s head […]
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