Schultz Environment Blog

Environment in a broad sense,transports and energy issues. From my local point of view with a global touch!

Wednesday, May 13, 2009

Oil-money from Sweden

In the beginning of this year, five of the Swedish Pension Insurance Funds owned shares for 15 billion SEK in companies involved in the Canadian project which aims at prospecting oil sand according to the Swedish newspaper DN. The government of Alberta, Canada, forecasted that the emission of greenhouse gases will be about 400 million tonnes in 2050, mostly because of the oil sand industry. That could be compared with the Swedish emission at 70 million tonnes last year.

Once more it is shown that economical interests and environmental interests must be handled in the same manner. I mean the official attitude in Sweden is to lower the emission of greenhouse gases, then, it’s most important that the Swedish Pension Insurance Funds doesn’t go another way around to get higher outcome of the capital and rises the emissions of greenhouse gases some other place on Earth.


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