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
Another company of the Moroccan king involved in occupied Western Sahara
A company closely linked to Morocco’s royal business network has entered a new project in occupied Western Sahara, partnering with a Chinese state-owned electricity giant on high-voltage infrastructure in Boujdour.
10 September 2026
Don't let resource exploitation decide Western Sahara's future
Western Sahara Resource Watch calls on the UN to address the accelerating exploitation of the territory’s natural resources - and prevent it from becoming an even greater obstacle to self-determination.
08 September 2026
Occupied Western Sahara wind complex expands into Africa's top three
The Moroccan king’s energy company appears to have completed two new phases of the Aftissat wind power complex in occupied Western Sahara.
11 August 2026
Dirty green energy on occupied land
How can it be wrong to develop renewable energy, in a world that is in desperate need for a green transition? In Western Sahara, the problems are numerous.
06 August 2026