Auspice Capital

Industry Divestment By Norway Leads To Slight Blow For Canadian Oil Companies

Oct 8, 2019 | 8:40pm

A slight divestment is being made in Canadian Oil companies due to Norway’s public pension fund. The fund, known as KLP (Kommunal Landspensjonskasse), dumped stocks last year that drew more than 30 per cent of their revenue from oil sands operations. On Monday, KLP sold its remaining stakes in Canadian oil companies – saying they do […]