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Environmental, Campaign & Website News > Norway divests from Malaysian logging company after rainforest destruction

Norway divests from Malaysian logging company after rainforest destruction

Date : 24th August 2010, Source : Mongabay



The Norwegian Government's pension fund sold all its 16 million shares of Samling Global, a Malaysian timber company, after concluding the firm had committed 'serious transgessions' in logging outside of concession areas and destroying protected rainforests, reports the Bruno Manser Fund. The sale, worth a total of $1.2 million, represents about 0.3 percent of the company's outstanding shares based on today's closing market price in Hong Kong.

http://news.mongabay.com/2010/0824-samling_norway.html





Document last updated on Tuesday 30 August 2011

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