Norway’s sovereign wealth fund considers ending all investments in Israel
Recent investigations by Norway’s Sovereign Wealth Fund into the activities of Israeli banks and companies in the West Bank could lead it to completely severing all investments in Israel.
The Norwegian Sovereign Wealth Fund is considering whether to sever all ties with Israel or to cease further investments in Israeli companies in which it already has money. Although no decision has been announced, the fund has sent requests for clarification about the activities of Israeli companies, including all the major banks and other major corporations.
The Foreign Ministry is working with the companies to provide detailed responses on the status of the West Bank. Israel contends that the territory is not “occupied” but “disputed.” Israel also points to the activities of those companies, which employ thousands of Palestinian workers, in order to counter claims that they violate the human rights of the Palestinians.
