Several of the companies in question are blacklisted by major banks over their environmental standards. Foto: Andre Penner/TT och Fredrik Sandberg/TT.
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Swedish state pension fund invests billions in blacklisted oil and coal companies
Publicerad 6 nov 2025 · kl 15:01 · 2:18 min
The state-run Seventh AP Fund, where around six million Swedes have pension savings, has invested billions in major fossil fuel companies.
Several of these companies are blacklisted by major banks for poor environmental standards, including Petrobras, which recently got the green light to drill for oil in the Amazon.
The fund says investing allows them to influence companies from within, rather than excluding them.
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