Norway Wealth Fund Divests from Eramet Due to Human Rights and Environment Concerns

Norway’s sovereign wealth fund, valued at $2 trillion, has decided to divest from French mining group Eramet due to environmental and human rights concerns surrounding the Weda Bay Nickel project in Indonesia. The fund specifically pointed out deforestation and habitat loss that are affecting endangered species in the region. This move signifies the fund’s commitment to ethical investments and sustainability. The project in Indonesia, which has been at the center of the controversy, raised red flags regarding its impact on the environment and local communities.