Norway wealth fund excludes India’s BHEL due to environment rules | Reuters

By Gwladys Fouche and Nerijus Adomaitis | OSLO OSLO Norway's wealth fund has excluded Bharat Heavy Electricals from its investment portfolio because of concerns over the environmental impact of a plant the Indian company is building, the Norwegian central bank said on Friday. The $935-billion Norwegian fund, the world's largest, is not allowed to invest in companies that breach certain ethical guidelines set by the Norwegian Parliament

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