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OSLO (Reuters) -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 occupied West Bank.
FILE PHOTO: A Jewish settler walks past Israeli settlement construction sites around Givat Zeev and Ramat Givat Zeev in the Israeli-occupied West Bank, near Jerusalem June 30, 2020. REUTERS/Ammar Awad/File Photo
Along with a number of other countries, Norway considers the settlements a breach of international law. Israel disputes this and cites Biblical and historical ties to the land, as well as security needs.
Nordic fund excludes 16 companies over links with West Bank settlements ynetnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ynetnews.com Daily Mail and Mail on Sunday newspapers.
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.
Nordic fund KLP excludes 16 companies over links to Israeli settlements in West Bank reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.