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I think you still have a big holding in exxon. now, we know from recent reporting in the united states that exxon stands accused by investigators — even by american politicians — of covering up research from within its own company about the impact of oil on man—made climate change over many years. you haven't even divested from exxon. well, we own stakes in 9,000 companies. i understand that. and we have a dialogue with these companies in a constructive manner. where we solve... so, on what basis are you an ethical investor? we are an ethical investor in many ways. we have very strong ex...

And the centre party. it's clear the labour party doesn't think that the sovereign wealth fund, that is you — and you say you are proud to call it an oilfund, by the way, which is perhaps significant in itself — but the labour politicians are saying you've got to do much more to show you're committed to getting to net zero emissions in your fund by 2050. so, are you going to do it? well, we are already have expectation documents that are saying that this is how we expect the companies to behave and what to we expect them to... you are not walking the walk yet. well, we are. last year, we h...

Yes, and we have a dialogue with these companies in a constructive manner where we solve... so, on what basis are you an ethical investor? well, we think we are a very ethical investor. we have very strong expectations to the companies we invest in along the lines of the climate side, we have four expectation documents, we have expectations when it comes to corruption, child labour, tax and transparency and so on. we think we have the most coherent set of expectations of any investor in the world. does it embarrass you that the total emissions of the companies in your fund far exceed the total...

I think you still have a big holding in exxon. now, we know from recent reporting in the united states that exxon stands accused by investigators — even by american politicians — of covering up research from within its own company about the impact of oil on man—made climate change over many years. you haven't even divested from exxon. well, we own stakes in 9,000 companies. i understand that. and we have a dialogue with these companies in a constructive manner. where we solve... so on what basis are you an ethical investor? we are an ethical investor in many ways. we have very strong exp...

Divested from exxon. well, we own stakes in 9,000 companies. i understand that. and we have a dialogue with these companies in a constructive manner. where we solve... so on what basis are you an ethical investor. we so on what basis are you an ethical investor.— ethical investor. we are an ethical investor. we are an ethical investor _ ethical investor. we are an ethical investor in - ethical investor. we are an ethical investor in many i ethical investor. we are an i ethical investor in many ways. we have very strong expectations to the companies we invest in and along the lines of the com...