– A Wing Clip at All Ends (+)
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4 Articles
Former members of the Council on Ethics criticize the proposal for new rules for the Petroleum Fund. – Like telling a football team not to score goals.
In the Helsinki Committee's input to the Gjerdrem Committee's report on the ethical framework for the Government Pension Fund Global (GPF, Oil Fund), we emphasized the importance of having clear guidelines for companies that commit or contribute to core international crimes. If it is not possible to influence the company to quickly end such violations of international law, the fund must end its ownership. – If companies […] The post A wing-clipp…
A wing-clipping of the oil fund's ethics council is brutal, but necessary. That responsibility may well lie with the central bank itself.
Publication of the Council on Ethics' recommendations has been an important tool for uncovering individual companies' violations of the Petroleum Fund's ethical guidelines. Now, more secrecy is being proposed.
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