Despite controversy: Norway’s wealth fund invests in Singapore tech-company

The sovereign wealth fund of Norway halted their investments in tech-manufacturer Singapore Technologies Engineering back in 2002 after a recommendation by the Council on Ethics.

The wealth fund was notified about the Singapore-based company’s production of lethal anti-personnel landmindes and therefore seized all fundings.

Singapore Technologies Engineering later told the Council on Ethics that the they have discontinued all production of landmines and other munitions – a business decision that has lured the Norwegian investors from the wealth fund back the the tech-company.

Source: The Straits Times

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