AboitizPower blacklisted by Norwegian central bank from pension fund

Due to its heavy usage of coal, Aboitiz Power Corp. has become the only Philippine-based power firm among the companies initially blacklisted by the Norwegian central bank from the Government Pension Fund Global (GPFG).

Norges Bank, the Norwegian central bank, excluded 52 companies worldwide, including 22 firms from the United States, seven each from China and India, three from Japan, two each from Chile, Canada, Hong Kong and Australia, and one each from the Philippines, the United Kingdom, South Africa, Poland and Greece.

American energy giant AES Corp., which partly owns the Masinloc coal-fired power plant in Zambales, was also included in the list.

Read more here.


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