POTASHCORP CUT FROM SWEDISH PENSION HOLDINGS
September 1st, 2013
TWO of the world’s largest fertilizer suppliers will face investment cuts after Sweden’s four largest national pension funds decided to sell their holdings over purchases of phosphate rock in the disputed Western Sahara region.The decision to sell stock in Canada-based PotashCorp and Australia-based mining company Incitec Pivot came on the recommendation of the funds’ joint Ethical Council, which keeps tabs on allegations of environmental and human rights violations among the portfolios of the A1, A2, A3 and A4 funds. The council’s chairwoman Christina ...
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