Fritt Ord drops Pan Fish stake

NORWAY - The highly respected Freedom of Expression Foundation in Oslo (Fritt Ord) has sold off its holdings in seafood giant Pan Fish, because of its concerns over Pan Fish's fish-farming operations in Canada and Chile.

In addition to defending freedom of expression, Fritt Ord has strict ethical guidelines for its investments. It has consistently veered away from investments in weapons production, alcohol and tobacco, for example.

Now it's worried about Pan Fish's investments in fish farming outside Norway. Newspaper Dagens Næringsliv reported this spring on native peoples ("first nations") groups in British Columbia who fear that fish farming will ruin their traditional stocks of wild salmon in the Skeena River.

There's also been concern over labour conditions at fish farms in Chile.

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Source: Aftenposten

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