{"id":434117,"date":"2021-09-04T11:42:46","date_gmt":"2021-09-04T06:12:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=434117"},"modified":"2021-09-04T11:43:05","modified_gmt":"2021-09-04T06:13:05","slug":"biggest-sovereign-wealth-fund-excludes-ongc-from-portfolio","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/biggest-sovereign-wealth-fund-excludes-ongc-from-portfolio\/","title":{"rendered":"Biggest sovereign wealth fund excludes ONGC from portfolio"},"content":{"rendered":"<p>State-owned Oil &amp; Natural Gas Corp has been excluded from the world\u2019s biggest sovereign wealth fund, due to the \u201cunacceptable risk that the company is contributing to serious violations of the rights of individuals\u201d in its joint ventures with South Sudan\u2019s national oil company Nile Petroleum Corporation.<\/p>\n<p>The exclusion was announced by Norges Bank late Thursday after a recommendation from the Council on Ethics, an independent body that investigates possible norm breaches in the wealth fund\u2019s $1.4 trillion portfolio. The Norwegian wealth fund is the world\u2019s single largest investor in listed companies, owning about 1.4 per cent globally.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Oil &amp; Natural Gas Corp has been excluded from the world\u2019s biggest sovereign wealth fund, due to the \u201cunacceptable risk that the company is contributing to serious violations of the rights of individuals\u201d in its joint ventures with South Sudan\u2019s national oil company Nile Petroleum Corporation. The exclusion was announced by Norges Bank late Thursday after a recommendation from the Council on Ethics, an independent body that investigates possible norm breaches in the wealth fund\u2019s $1.4 trillion portfolio. The Norwegian wealth fund is the world\u2019s single largest investor in listed companies, owning about 1.4 per cent globally.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-434117","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/434117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=434117"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/434117\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=434117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=434117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=434117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}