Norway’s massive sovereign wealth fund are excluding Shapir Engineering and Industry Ltd and Mivne Real Estate KD Ltd. for their activities associated with Israeli settlements on the West Bank. The Council on Ethics’ position is that the Israeli settlements in the West Bank have been built in violation of international law and that their existence […]
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As Zuckerberg’s Facebook Fosters Child Abuse and Exploitation, Investors Start to Speak up
Posted on 05/10/2021
U.S. public pensions and sovereign wealth funds like Norway Government Pension Fund Global are major shareholders in social media giant Facebook, which owns Whatsapp and Instagram. Large tech companies armed with cash, lobbyists, and influence are able to get away with possible criminal usage on their platforms.
In 2019 there were nearly 17 million reported cases of online child sexual abuse material (CSAM), 94% of which stemmed from Facebook, according to the National Center for Missing & Exploited Children. As the world’s largest social media company and the largest facilitator of reported child sex abuse online–Facebook’s actions will, for better or worse, have a major impact on global child safety. Facebook is by far and away the world’s largest source of online child sexual abuse materials. The company has been harshly criticized by governments, law enfor
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How an Oil Company Becomes a Renewables Company Source: By Nathaniel Bullard, Bloomberg • Posted: Thursday, May 6, 2021
Equinor’s first-quarter results illustrate the possibilities and challenges lying ahead for businesses trying to get out of the fossil game.
Last week a raft of oil majors released their first-quarter results, with companies like Royal Dutch Shell Plc showing a return to pre-pandemic profit levels. At the same time, some of the majors increased their energy transition commitments: as my Bloomberg Intelligence colleagues Salih Yilmaz and Will Hares noted on Twitter, Spanish firm Repsol SA devoted 40% of its capital expenditure to low-carbon projects, and France’s Total SE stated plans to increase its renewable energy capacity five-fold over the next four years.
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