Kommunal Landspensjonskasse Drops Listed Companies Associated with U.S. Border Detentions

Posted on 09/26/2022


Oslo-based Kommunal Landspensjonskasse (KLP) is divesting from two U.S. operators of “refugee reception centers” for allegedly violating labor and human rights laws. KLP had a 4 million kroner holding in companies CoreCivic and GEO Group. Those shares have now been sold. KLP tried unsuccessfully to engage with the companies which denied the conditions.

In a news release, KLP claims, “That the companies have violated several of the most important human rights over a long period of time has been documented by several human rights groups. They have also been followed up by state actors such as the attorney general in the state of Washington. The violations include unsafe living conditions, lack of health care for inmates with life-threatening illnesses, slave-like working conditions and sexual abuse.”

The U.S.-Mexico border is notorious for illegal border crossings. In the U.S., border officials have arrested more than 2 million illegal aliens ​in the past 11 months at the southern border. This is a record high driven by a hike in human migration from Venezuela, Cuba, and Nicaragua, according to figures released by Customs and Border Protection.​ The U.S. Border Patrol has apprehended migrants at the U.S.-Mexico border more than 1.8 million times since October 2021. More than half of Americans say there’s an “invasion” at the southern border, according to a new NPR/Ipsos poll.

    Get News, People, and Transactions, Delivered to Your Inbox