Investor blacklisted Agrium for imports from occupied Western Sahara
The Norwegian investor KLP has sold all its shares in Agrium for its imports of phosphate rock from occupied territory.
Published 01 December 2014
KLP, the Norwegian local government pension scheme, no longer wants to include one of the world’s largest fertilizer companies in its investment portfolio.
KLP made the announcement today.
KLP explains its exclusion with the fact that that the "purchase of phosphates from Western Sahara via a long-term contract with the state-owned Moroccan company Office Chérifien des Phosphates (OCP), is deemed to represent an unacceptable risk of contributing to violations of basic ethical norms, and therefore contravenes KLP’s guidelines for responsible investment. This assessment is in keeping with KLP’s previous practice."
Download the entire analysis by KLP regarding Agrium here.
News
Greenland Yes, Western Sahara No? The EU’s self-determination test
As the European Union rightly rallies behind Greenlanders’ right to decide their own future in the face of external pressure, a test of the EU’s real commitment to self-determination is quietly unfolding in Brussels.
22 January 2026
New report: Certified occupation
International certification standards embellish Morocco’s controversial trade with fisheries and agricultural products in occupied Western Sahara, new report documents.
16 December 2025
Certification giant SGS points fingers elsewhere
SGS blames everyone else for mistakes on MarinTrust certificates it had issued to Moroccan companies in occupied Western Sahara.
15 December 2025
New report: Greenwashing Occupation
Out now: WSRW today publishes a new report outlining the massive - and deeply problematic - renewable energy projects that Morocco is developing in occupied Western Sahara.
11 December 2025