SHTLF - Why Rio Tinto Shares Are Falling Today | Benzinga
Rio Tinto Plc (NYSE:RIO) shares are trading lower on Wednesday.
Norway’s sovereign wealth fund’s ethics adviser is evaluating the possibility of suggesting a sell-off of its substantial investment in Rio Tinto, citing environmental apprehensions, The Wall Street Journal reported.
In recent months, the Council on Ethics, acting as the adviser, has informed Rio Tinto of its scrutiny regarding potential environmental harm stemming from the mining company’s activities in the Brazilian Amazon, the report read, citing a letter viewed by The Wall Street Journal.
The council’s apprehensions regarding Rio Tinto have centered on deforestation, ...