Monday, 5 July, 2021 - 05:00
A picture taken from the E1 corridor, a super-sensitive area of the occupied West Bank, shows Israeli settlement of Maale Adumim in the background on February 25, 2020. (AFP) Asharq Al-Awsat
Norway’s largest pension fund KLP said on Monday it would no longer invest in 16 companies including Alstom and Motorola because of their links to Israeli settlements in the West Bank.
Along with a number of other countries, Norway considers the settlements a breach of international law. A 2020 United Nations report said it had found 112 companies that have operations linked to the region, home to around 650,000 Israelis.
The companies, which span telecoms, banking, energy and construction, all help facilitate Israel’s presence and therefore risk being complicit in breaches of international law, and against KLP’s ethical guidelines, it said in a statement, Reuters reported.
Norway: KLP fund divests from firms linked to Israeli settlements | Business and Economy News
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Norway pension fund cuts ties with firms linked to Israeli settlements
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Nordic fund KLP excludes 16 companies over links to Israeli settlements in West Bank
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