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Israel Investments

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Norway's $2 Trillion Fund Faces Criticism Over Caterpillar Divestment

Originally Published 4 months ago — by CNBC

The Norwegian sovereign wealth fund, the largest in the world, decided to divest from Caterpillar and Israeli banks due to ethical concerns related to conflicts in Gaza and the West Bank, prompting criticism from the U.S. government and political figures, while Norway emphasizes its decisions are independent and based on ethical guidelines.

world world caterpillar-exit ethical-guidelines geopolitical-impact israel-investments norwegian-wealth-fund world

Norway's Wealth Fund Divests Israeli Assets Amid Regional Concerns

Originally Published 5 months ago — by Reuters

Norway's $2 trillion sovereign wealth fund is terminating contracts with external asset managers handling its Israeli investments and has divested from 11 Israeli companies due to concerns related to the Gaza and West Bank situation, aiming to improve due diligence and limit investments to companies in the equity benchmark index.

world world divestment ethical-investing gaza-and-west-bank israel-investments norway-wealth-fund world