Norway's Wealth Fund to engage Rio Tinto, South32 over environmental concerns
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 11 2025
0mins
Source: Reuters
Engagement with Mining Companies: Norway's sovereign wealth fund has decided to actively engage with mining companies Rio Tinto and South32 regarding their environmental practices, following a recommendation from the Council on Ethics due to concerns over their involvement in a bauxite mine in the Amazon rainforest.
Changes in Investments: The fund has revoked its exclusion of German energy firm RWE AG for its shift towards renewable energy, while also selling shares in Mexican oil company Petroleos Mexicanos and Israeli firm Paz Retail and Energy due to ethical concerns.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
