US EditionNorway wealth fund divests from Israel's Paz Retail and Energy due West Bank activities
- On Sunday, Norway's sovereign wealth fund divested from Paz Retail and Energy in Israel due to the company's involvement in fuel supply to illegal settlements in the West Bank.
- The divestment followed the Council on Ethics' August decision to tighten rules targeting businesses supporting Israeli settlements in occupied Palestinian territories.
- The fund reviewed about 65 companies linked to sectors like energy and infrastructure, recommending divestment first from Bezeq in December and then from Paz.
- The Council noted that Paz’s role in providing the facilities for delivering fuel to Israeli settlements located in the West Bank supports the continuation of these settlements.
- This decision marks the latest European financial response to Israel's contested settlement activities, reflecting ongoing concerns over international law violations.
24 Articles
24 Articles
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Norway wealth fund divests from second Israeli company since start of Gaza war
The world's largest sovereign wealth fund will no longer invest in Paz Retail and Energy, citing the Israeli company's operations in the West Bank. The fund is the latest European financial entity to weaken ties to Israeli companies
Norway oil fund divests holdings in Israeli petrol station group
Norway's sovereign wealth fund, the world's largest with assets of around $1.8 trillion, has excluded an Israeli group on ethics grounds because it supplies fuel to illegal settlements in occupied Palestinian territory.
Norway Wealth Fund Divests from Israeli Firm over Links to Illegal West Bank Settlements - Quds News Network
Oslo (Quds News Network)- Norway’s sovereign wealth fund has sold all of its shares in Israel’s Paz Retail and Energy, citing its operations in illegal Israeli settlements in the occupied West Bank. The world’s largest wealth fund announced the divestment on Sunday, pointing to Paz’s role in owning and operaring infrastructure for the supply of fuel to Israeli settlements as the reason. “This is a clear violation tied to activities in the occupi…
Norway divests from Israeli energy firm over West Bank operations
According to the Norwegian fund, supporting companies that help maintain those settlements goes against its ethical rules. The post Norway divests from Israeli energy firm over West Bank operations appeared first on Premium Times Nigeria.
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