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Posted on 08/26/2025 2:52:18 PM PDT by Olog-hai
Norway’s $2 trillion wealth fund, the world’s largest, said it has divested from US construction equipment group Caterpillar as well as five Israeli banking groups on ethics grounds.
The five banks are Hapoalim, Bank Leumi, Mizrahi Tefahot Bank, First International Bank of Israel and FIBI Holdings, the fund said in a statement.
The six groups were excluded “due to an unacceptable risk that the companies contribute to serious violations of the rights of individuals in situations of war and conflict”, said the fund, which is operated by Norway’s central bank. […]
The fund’s ethics watchdog, called the Council on Ethics, said that “in the council’s assessment, there is no doubt that Caterpillar’s products are being used to commit extensive and systematic violations of international humanitarian law”.
Bulldozers manufactured by Caterpillar “were being used by Israeli authorities in the widespread unlawful destruction of Palestinian property”, it said. …
(Excerpt) Read more at reuters.com ...
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Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
Norway’s $2 trillion wealth fund, the world’s largest, said it has divested from US construction equipment group Caterpillar b/c Israel uses Caterpillar tractors “in the widespread unlawful destruction of Palestinian property”, together with five Israeli banking groups: Hapoalim, Bank Leumi, Mizrahi Tefahot Bank, First International Bank of Israel and FIBI Holdings.
The reason: “an unacceptable risk that these companies contribute to serious violations of the rights of individuals in situations of war and conflict”, said the fund, which is operated by Norway’s central bank.
Norway’s sovereign wealth fund is excluding certain Israeli banks because they provide financing for the construction of Israeli settlements in the occupied Palestinian territories, which the fund’s ethics council deems a contribution to serious human rights violations in a situation of conflict.
The fund’s decision also relates to the broader context of the war in Gaza and humanitarian concerns.
The primary reason cited by the Norges Bank’s ethics council is that the banks in question, including Bank Leumi, Bank Hapoalim, and Mizrahi Tefahot Bank, have been financing construction activities in Israeli settlements in the occupied Palestinian territories.
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The council concluded that these activities contribute to serious violations of rights in situations of war and conflict.
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The fund’s decision is also influenced by the humanitarian crisis in Gaza and the deteriorating situation in the West Bank.
The exclusion process is not arbitrary; it follows a formal decision-making process involving the Norwegian Government Pension Fund’s ethics council.
The fund can exclude companies and banks that are involved in human rights violations or activities that contribute to serious problems in times of conflict.
if you want to make money, invest in American construction equipment. If you want to make Tons of money, two simple words. Jew bank.
Suckers are going to lose out on quite a bit of wealth.
the Nazis running the Norwegian government cut off their own noses to spite their faces.
Ha!
we pray for all the good Norwegian people and that they can get a moral government back ASAP!
if you want to make money, invest in American construction equipment. If you want to make
Tons of money, two simple words. Jew bank. Suckers are going to lose out on quite a bit of wealth.
Invest in Qatar bitches
Seems kinda late to get your knickers in a twist about Rachel Corrie...
“unacceptable risk that the companies contribute to serious violations of the rights of individuals in situations of war”
The hot sun burns down on dry Gaza with unrelenting heat and does nothing but aid the atrocities in Gaza.
Clearly solar energy outfits that mock the troubles of Gaza are enemies. :)
“Seems kinda late to get your knickers in a twist about Rachel Corrie...”
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The real question is: Do they invest in Bisquick and Aunt Jenima? If so, that’s at least as bad as investing in CAT. St. Pancake and all….
Quislings lecturing Jews on humanitarian law.
There seems to be a streak of anti-semitism in Norway, although I can’t understand why.
Bulldozing building rubble of the people that attacked you....very bad.
Killing your own baby, not someone elses, LEGAL!!!!
2 Trillion isn’t enough to buy Jesus.
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