Rejection by Norwegian Investment Firm calls Malaysian Palm Oil into Question

Rejection by Norwegian Investment Firm calls Malaysian Palm Oil into Question

The largest sovereign wealth fund in the world has just excluded two Malaysian conglomerates from its investment portfolio due to risks of “severe environmental damage.” Norway’s Government Pension Fund Global (GPFG) dropped the two companies, construction firm IJM Corporation Berhad and multi-industry conglomerate Genting Berhad, on August 18 over their…