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Fact Check: Swedish pension fund AP7 blacklists Tesla.

Fact Check: Swedish pension fund AP7 blacklists Tesla.

June 13, 2025•by TruthOrFake AI
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VERDICT
Needs Research

# Fact Check: "Swedish pension fund AP7 blacklists Tesla." ## What We Know The claim that the Swedish pension fund AP7 has blacklisted Tesla is suppo...

Fact Check: "Swedish pension fund AP7 blacklists Tesla."

What We Know

The claim that the Swedish pension fund AP7 has blacklisted Tesla is supported by recent reports. According to Reuters, AP7 announced its decision to blacklist Tesla due to "verified violations of labor rights in the United States." This statement indicates that the fund has taken a definitive stance against Tesla's practices, which aligns with its investment policies that prioritize ethical considerations and corporate governance.

Furthermore, Yahoo Finance corroborates this information, stating that AP7 sold its entire stake in Tesla, which was valued at approximately 13 billion crowns (around $1.3 billion). The fund's actions reflect a growing trend among institutional investors to consider environmental, social, and governance (ESG) factors when making investment decisions.

Analysis

The sources reporting on this claim are reputable news outlets, which lends credibility to the information presented. Reuters is a well-established news organization known for its accurate reporting, and Yahoo Finance is a trusted source for financial news. Both outlets provide similar accounts of AP7's decision, reinforcing the reliability of the claim.

However, it is important to consider the implications of the term "blacklist." While AP7's actions indicate a withdrawal of investment, the specifics of what "blacklisting" entails in this context are not fully detailed in the reports. The term may suggest a formal policy against investing in Tesla, but the nuances of this policy—such as whether it will be permanent or subject to change based on Tesla's future actions—are not clarified.

Additionally, the reports focus primarily on AP7's rationale related to labor rights violations, which raises questions about the specific incidents that led to this decision. The lack of detailed evidence regarding these violations means that while the claim is supported, the broader context and implications require further exploration.

Conclusion

Needs Research. While the claim that the Swedish pension fund AP7 has blacklisted Tesla is substantiated by credible sources, the term "blacklist" and the implications of AP7's decision warrant further investigation. Understanding the specific labor rights violations cited and the potential for future investment in Tesla would provide a clearer picture of the situation.

Sources

  1. Swedish pension fund AP7 blacklists Tesla, has sold entire ...
  2. Swedish pension fund AP7 blacklists Tesla, has sold entire ...

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Detailed fact-check analysis of: How nuts is Mark Carney? Perhaps nuttier than you think. Have a read of this piece in the Financial Post, by Matthew Lau. "Having left his gig as UN Special Envoy for Climate and Finance to lead the federal Liberal government, Mark Carney is now in a position to focus his and Greta Thunberg’s global climate crusade squarely on Canada. The crusade, Carney boasted back in 2021 while in his previous role, is worth many trillions of dollars. As he told CBC News at that year’s UN climate conference, “We have banks, asset managers, pension funds, insurance companies from around the world — more than 45 countries — and their total resources, totalling US$130 trillion” dedicated to transitioning the world’s economy away from fossil fuels. That dollar figure is higher than global GDP. Last month, Carney laid out Canada’s required contribution to his climate ambitions: “Canada must invest $2 trillion by 2050 — about $80 billion per year — to become carbon competitive and achieve Net Zero. However, investments in decarbonisation currently run between $10–20 billion annually.” The implication is that another $60-70 billion a year will need to be wrung out of Canadian businesses and consumers, either through direct taxation and government spending or with regulatory browbeating to push Canadians’ savings and investments into global warming initiatives. Carney has made no effort to hide his agenda to browbeat businesses into joining his and Greta Thunberg’s climate crusade. In a 2021 interview he declared, “We need a sustainable economy, and is your business aligned with that? Are your hiring practices consistent with that? Are you developing people in a way that’s consistent with that? Ultimately, what’s being asked of businesses when it comes to climate is, do you have a plan for net-zero? Canada has a legislated objective for net zero alongside another 130 countries.” “A Swedish teenager,” Carney continued, referring to Thunberg, “can figure out the carbon budget and that we have less than 10 years and you have to get to net-zero to stabilize it and if you’re a company and you have purpose, well, what’s your plan? And all these plans need to come together.” This is utter insanity: under Justin Trudeau Canada suffered rapidly declining business investment and now his successor wants the country’s business leaders to take financial planning directives from Greta Thunberg. While the federal government barrels down the road to net-zero impoverishment for Canada, everyone else is looking for the exit ramp. In January, six of the largest U.S. banks — JPMorganChase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley — quit the Carney-led net-zero banking alliance. Canada’s Big Six Banks — RBC, TD Bank, BMO, Scotiabank, CIBC and National Bank — have quit the initiative as well. Even Europe is beginning to back off on government piling climate obligations onto businesses in the name of fighting global warming. As the Wall Street Journal reports, the EU is watering down its climate accounting policies “amid pushback from member states and companies within the bloc over the new rules, which they say would have increased costs and reduced the competitiveness of their business.” Specifically, regulations previously scheduled for this year would have forced companies “to report in detail on their environmental, social and corporate-governance performance while making significant cuts to the emissions from within their supply chain.” The EU is now dropping, weakening or postponing many of these climate regulations, so that businesses will be able to better “grow, innovate, and create quality jobs.” This is effectively an admission that piling climate obligations and environmental reporting mandates onto businesses prevents them from growing, innovating and creating good jobs. Unfortunately, Mark Carney is all about climate obligations and reporting mandates. The road Canada is currently marching down for climate-related financial disclosures is based on a framework proposed by a task force Carney initiated in 2015. His aforementioned Thunberg-praising interview was not with an environmental journalist, but with Pivot Magazine, which is published by CPA Canada, the accounting industry’s national association. “We cannot get to net-zero without proper climate reporting,” he insisted, speaking of the need for “one core global standard” for climate accounting and reporting. A global climate reporting standard to help push trillions of dollars — yes, trillions with a “T” — from Canadian workers and taxpayers into Mark Carney and Greta Thunberg’s climate crusade? After a decade of Justin Trudeau’s ruinous policies weakening Canada from coast to coast, there could be little worse for the country and its economy than a Liberal government led by Mark Carney." The Financial Post

Mar 23, 2025
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