Ethics council advises halt.
Norway's Finance Minister has decided to drop British mining and metals group Vedanta Resources from its petroleum fund investments.
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The Finance Ministry decided Tuesday to follow the recommendation of the fund's ethics council about investments made by its USD 330 billion Government Pension Fund - Global, commonly known as the "oil fund".
Norway's invests petroleum revenues in foreign stocks and bonds to save for when oil and gas run out.
"According to the recommendation (of the ethics council), the Fund runs an unacceptable risk of complicity in present and future severe environmental damage and systematic human rights violations by continuing to invest in the company," the ministry said in a statement on Tuesday.
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