shares in companies contracted to build the Dakota Access Pipeline after the Sami Parliament of Norway voiced its solidarity with the Standing Rock Sioux community in the USA. KPL cited the "unacceptable risk of contributing to serious or systematic human rights violations", and the fact that the pipeline construction required the flooding of land protected by the 1851 Treaty of Fort Laramie. In March 2019, KLP cut its investment in WHSP over its financial ties to the coal industry, and in May 2019, announced it was blacklisting a further 46 companies deriving more than 5 percent of their revenue from coal-based activities, including AGL Energy, BHP Group, Origin Energy and South32. In October 2019, KLP divested from four Canadian energy names and said it would no longer invest in companies more than five per cent reliant on oilsands, with CEO Sverre Thornes noting: "By going coal and oilsands free, we are sending a strong message on the urgency of shifting from fossil to renewable energy." In June 2021, KLP divested from Adani Ports over its plans to build container terminal in Yangon on land leased from a Myanmar-owned conglomerate, a situation that the fund said presented an "imminent danger" that armed forces could use the port to import weapons and equipment, or as a naval base. On 5 July 2021, KLP said it would divest from 16 business entities for their links to Israeli settlements in the occupied West Bank, after they were named in a UN report listing 112 companies that it said were helping further settlement activities, which are considered illegal under international law. On 28 February 2022, KLP said it would divest from Russia in response to Russian invasion of Ukraine. Their Russian assets had a total value of nearly NOK 500 million (US$56.39 million) in 22 companies, including energy firms Gazprom, Lukoil and Rosneft; and banks VTB and Sberbank. References External links Financial services companies of Norway Companies owned by municipalities of Norway Mutual insurance companies Financial services companies established in 1949 Companies based in Oslo Insurance companies of Norway Norwegian companies established in 1949