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By Gwladys Fouche
OSLO, June 19 Sweden's largest national pension
fund is looking to get other investors to agree on principles
relating to their shareholdings in companies which it says
violate the Paris climate agreement.
The fund, called AP7, last week sold out of ExxonMobil
, Gazprom, TransCanada Corp, Westar
Energy, Entergy and Southern Corp in what some
environmentalists said was the first time an investor had cited
the Paris agreement as the reason for a divestment.
ExxonMobil denied it was in breach of the accord, while
Entergy said AP7's decision was unfounded and Westar Energy said
that its strategy is to "strike the balance among keeping power
clean, reliable and affordable".
The other companies did not reply to requests for comment.
"At this stage we are talking with four other investors," a
spokesman for AP7, which provides pensions to 3.5 million Swedes
and said it would no longer invest in companies it decides are
in breach of the Paris climate accord, told Reuters.
The fund has 390 billion Swedish crowns ($45 billion) of
assets under management.
"We are looking to other investors to start a dialogue on
principles that we can agree on as long-term investors regarding
the Paris Climate agreement," the spokesman added.
"Some are similar in nature to us and some are on the
private side," he said, but declined to name them.
($1 = 8.6905 Swedish crowns)
(Additional reporting by Scott DiSavino in New York; editing by