{"id":572492,"date":"2023-04-28T09:28:33","date_gmt":"2023-04-28T03:58:33","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=572492"},"modified":"2023-04-28T10:10:23","modified_gmt":"2023-04-28T04:40:23","slug":"norway-sovereign-wealth-fund-excludes-korea-gas-gail-over-myanmar-link","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/norway-sovereign-wealth-fund-excludes-korea-gas-gail-over-myanmar-link\/","title":{"rendered":"Norway sovereign wealth fund excludes Korea Gas, GAIL over Myanmar link"},"content":{"rendered":"<p>(Reuters) &#8211; The Norwegian central bank on Thursday excluded two oil and gas companies from its $1.4-trillion wealth fund, the world&#8217;s largest, citing ethical concerns over their ties to the Myanmar military.<\/p>\n<p>South Korea&#8217;s state-run Korea Gas Corp (KOGAS) and Indian gas firm GAIL (India) Ltd were excluded from the fund, Norges Bank said in a statement.<\/p>\n<p>The two were excluded due to &#8220;unacceptable risk that (the) companies contribute to serious violations of individuals&#8217; rights in situations of war or conflict,&#8221; the fund said.<\/p>\n<p>&#8220;The background is the companies&#8217; business collaboration with an organization affiliated with the military in Myanmar,&#8221; Norges Bank Investment Management (NBIM) said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; The Norwegian central bank on Thursday excluded two oil and gas companies from its $1.4-trillion wealth fund, the world&#8217;s largest, citing ethical concerns over their ties to the Myanmar military. South Korea&#8217;s state-run Korea Gas Corp (KOGAS) and Indian gas firm GAIL (India) Ltd were excluded from the fund, Norges Bank said in a statement. The two were excluded due to &#8220;unacceptable risk that (the) companies contribute to serious violations of individuals&#8217; rights in situations of war or conflict,&#8221; the fund said. &#8220;The background is the companies&#8217; business collaboration with an organization affiliated with the military in Myanmar,&#8221; [&hellip;]<\/p>\n","protected":false},"author":40,"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-572492","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\/572492","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=572492"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/572492\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=572492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=572492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=572492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}