Petroleum fund pulls NOK337m from Kerr-McGee

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NORWAY - The NOK 1091bn (e134.4bn) government petroleum fund has pulled NOK 337m (e42.8m) from US chemicals firm Kerr-McGee Corporation after an ethical probe by the fund's advisory council.

“The decision to exclude the company is based on a recommendation from the advisory council on ethics for the government petroleum fund,” said finance minister Per-Kristian Foss. The issue was p...

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