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AWE management company faces disinvestment

The Norwegian oil fund has decided to withdraw its investments from Jacobs Engineering due to their involvement in making nuclear weapons, as one of the three companies managing AWE. This is a direct result of the actions of the International Campaign to Abolish Nuclear Weapons (ICAN) in Norway.

Based on the recommendation of the Council on Ethics, the Ministry of Finance has excluded Jacob's Engineering from the GPFG's investment universe.

For further information:

http://www.regjeringen.no/en/dep/fin/News/news/2013/new-decisions-about-...