US EditionNorway Wealth Fund Divests From Caterpillar over Gaza 'Rights Violations'
Norway's sovereign wealth fund cited serious rights violations and breaches of international law in Gaza and the West Bank as reasons for divesting from Caterpillar and five Israeli banks.
- Norway's sovereign wealth fund divested from Caterpillar and five Israeli banks over ties to conflict in the West Bank.
- Caterpillar's bulldozers were being used by Israeli authorities in the unlawful destruction of Palestinian property in violation of international law.
- The Israeli banks provided financial services for construction activity in illegal Israeli settlements in the West Bank.
67 Articles
67 Articles
World's largest sovereign wealth fund exits Caterpillar and five banks on Israel concerns
The world’s largest sovereign wealth fund has quit its investments in U.S. machinery manufacturer Caterpillar and five Israeli banks following a review of the companies’ ties to conflict in the West Bank.
As the Ethics Committee explains, cutting investment would be the result of the alleged involvement of companies in the destruction of Palestinian property in Gaza and the West Bank and the funding needed to build illegal settlements
The Norwegian State Global Pension Fund announces the sale of its shares in the U.S. Caterpillar industrial group and in Israeli banks.
For ethical reasons, the asset fund separates from Israeli companies. Shares of a US company were also sold – because of possible involvement in human rights violations in Gaza and the West Bank.
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