Sweden’s $105 billion AP7 has been fending off increasingly vocal criticism in the local media over its oil and gas related equity holdings, particularly a $47.5m purchase of Saudi Aramco shares. Climate campaigning social media platform We Don’t Have Time (WDHT) had issued AP7 with a “climate warning” and called for a consumer boycott if the fund persisted with its $3 billion worth of fossil fuel investments. Following Chief ESG and Communication Officer Johan Florén’s initial discussion on the subject with NordSIP that was published on 18 January, he sat down with WDHT founder Ingmar Rentzhog for a further hour-long debate, the recording of which was released on 5 February 2024 and is hereafter summarised by NordSIP.
