• 0 Posts
  • 19 Comments
Joined 1 year ago
cake
Cake day: July 3rd, 2023

help-circle




  • You seem confused. Let me be clear:

    • I have no criticism for the Finnish Parliament or their choice of soft drink selection.

    • I have no belief that a government office cafeteria is equally as complex as a pension fund.

    Now if you’ve made it this far, why are Finland choosing not to support Pepsi? Let’s look to the article:

    The Finnish parliament will no longer carry Pepsi products as the American soft drink giant continues to support the Russian economy by continuing its operations in the aggressor country

    So, from the article, the Finnish Parliament have taken a stand against Pepsi because Pepsi won’t cease operating in Russia. And Pepsi Co failing to stop their operations in Russia is bad. Right?

    Still with me? Great.

    Norway’s Sovereign Wealth Fund also isn’t ceasing their operations (by way of their investments) in Russia.

    Again: where is the equivalent outrage? Why isn’t anyone taking a stand against Norway for not divesting? They said they would, but haven’t. The amount is pennies when compared to their other investments. So why are they hanging on to them? Why don’t they do what they said they would? And why isn’t anyone speaking out against them for failing to divest, especially while their former PM is leading NATO?

    Hope that helps!




  • And yet all the investments, their value, and what percentage of ownership the Norwegian Sovereign Wealth Fund possess are all publicly available on their website.

    If I filter by ‘Russia’, they still show 51 companies. Today. Let’s look at their top five, which you can also view by accessing their own data.

    Highest Percentage of Ownership:

    1. Lenta International Co PJSC: 2.25%
    2. Rosseti Centre PJSC: 2.69%
    3. Ufaorgsintez OAO: 0.99%
    4. Segezha Group PJSC: 1.16%
    5. Bank St Petersburg PJSC: 1.76%

    Highest Amounts of Investment in NOK:

    1. Gazprom PJSC: 731,368,780
    2. LUKOIL PJSC: 536,571,485
    3. Sberbank of Russia PJSC: 523,299,961
    4. Novatek PJSC: 118,267,597
    5. Surgutneftegas PJSC: 76,130,966

    ^ these alone = ~$185,140,710 USD.

    What fiduciary obligations does a pension fund have that is somehow more complex, important, and forgivable vs obligations belonging to Pepsi Co?







  • According to this Norwegian publication in an article published January 31st 2023:

    the Norwegian oil fund still holds hundreds of millions worth of shares in petroleum companies like Gazprom, Novatek, Bashneft and Lukoil

    Even if the value of the companies they’ve invested in lowers, they still haven’t pulled out any of their financial investments from Russia. The investments could be worth very little, but they still have something invested in Russia.

    Is money more important to Norway than justice?

    Norwegian Government on February 28, 2022, ordered the Oil Fund to freeze all investments in Russia and prepare a plan for divesting with the goal of totally exiting the Russian stock market

    Why has it taken them much more than a year to even communicate their ‘plan’ to make the divestment happen?

    Is Domino’s Pizza really better at handling their finances than the wealthiest pension fund in the world?




  • It generally comes down to convenience of access mixed with some ethical consideration for me personally. Out of print books, textbooks, and history or research titles that are in the hundreds I’m simply not going to buy. I use JSTOR where I can, but will get academic research as I need if it’s not readily available. I tend not to pirate indie publishers for any media if I can help it. Sometimes I do to check it out before I purchase it. I try to support creators wherever I can, whenever I can. I like that options are available, and I don’t think anything should truly be off limits.



  • I have high hopes for Mlem as it’s developed, but Wefwef is a little smoother imo.

    Still trying to find a way to view a full list of the communities that exist on different instances (that I am not signed up to) from within any of the current apps. So whichever implements that, if neither has it already, will win with me.