Saudi Aramco excluded on environmental grounds, others for human-rights concerns PUBLISHED : 28 Dec 2023 at 15:52 An employee walks past a storage tank at the Ras Tanura oil refinery and oil terminal operated by Saudi Aramco in Saudi Arabia. (Photo: Reuters) Norway’s largest pension fund has divested $15 million from Gulf companies on concerns they may contribute to human rights violations, and decided to exclude the oil producer Saudi Aramco because of climate risks. KLP, which oversees $70 billion in pension funds, has blacklisted a dozen companies listed in Saudi Arabia, Qatar, the United Arab Emirates and
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