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Samsung C&T Targeted by Activists Over Vietnam Coal Project

  • Construction unit of Samsung Group may help build Vung Ang 2
  • Investors including L&G and KLP urge firm not to participate

Activist climate investors warned Samsung C&T Corp. over its potential involvement in a new coal power plant in Southeast Asia amid mounting global pressure to halt use of the dirtiest fossil fuel.

Investment arms of Legal & General Group Plc, the U.K.’s biggest manager of corporate pension schemes, Norway’s KLP Kapitalforvaltning AS and Helsinki-based Nordea Bank Abp, have urged the South Korean company not to participate in the construction of the controversial plant in Vietnam, which it’s currently considering.