Vedanta Resources accused of environmental damage and human rights violations

Norway’ Government Fund, Global has dropped Vedanta Resources from its $350 billion sovereign wealth fund for ethical reasons, blaming it for environmental damage and human rights violations in India. Global commonly called “Oil Fund” is one of the biggest sovereign wealth funds. Vedanta Resources core business includes mining and production of Copper, Aluminium and Zinc in India. Vedanta has also operations in Australia, Zambia and Armenia. Vedanta Resources is accused of having caused environmental damages and contributed to human and labour rights violations. The ethics council of Global said, “ The council finds that the allegations levelled at the company regarding environmental damage and complicity in human rights violations, including abuse and forced eviction of tribal people, are well founded.”