Norwegian oil giant Aker BP is being excluded from the state-owned Seventh AP Fund (AP7) when the fund chooses to expand its basis for excluding companies in which it invests.
In a press release, AP7 writes that companies "with particularly high and difficult-to-assess sustainability risks" will be excluded. Since 2017, AP7 has otherwise relied on the Paris Agreement when it comes to grounds for exclusion.
In addition to AK BP, which operates in the oil and gas sector, there are another 34 companies, such as stock market giants Chevron and Glencore, on the list of companies being delisted.
