Norway pension fund urged to disinvest from offshore detention
Norway’s largest pension fund, known as Oljefondet, is facing calls to sell its holdings in Ferrovial, the Spanish company with the biggest contract to run Australian offshore refugee detention centres. Thinktank the Australia Institute is launching a social media campaign in both countries, claiming that the accusations of abuse at the centres make the company incompatible with Oljefondet’s commitment to strong ethical standards.

Norway's biggest pension fund is under pressure to sell its interest in the Spanish company holding the biggest contract to run Australia's offshore detention centres on Manus Island and Nauru.

The Australia Institute claims the pension fund's investment in Ferrovial is at odds with its commitment to high ethical standards and is not widely known in Norway.

It is mounting a social media campaign in Australia and Norway to convince investors to sign an open letter imploring the pension fund, known as Oljefondet, to divest.

The campaign is proceeding despite the deal to resettle refugees from the two centres because the Nauru contract runs to October next year and the government plans to keep the centre open for decades.