Norwegian fund blacklists Caterpillar over concerns about its role in Israeli operations in Gaza

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Norway News

Gaza,Genocide,Israel

OSLO, June 26 — Norway’s largest pension fund said today it had divested from US industrial group Caterpillar because of the risk its equipment was being used by the Israeli...

Can Malaysia’s aviation industry shed bureaucratic baggage and take flight? Here’s what Mavcom prescribed prior to merger bid in 2020 Norway ’s largest pension fund said today it had divested from US industrial group Caterpillar because of the risk its equipment was being used by the Israel i army in Gaza .

“It has also been alleged that the company’s equipment is being used by the Israeli Defence Force in connection with its military campaign in Gaza following the Hamas attack on October 7 last year,” she added. KLP — not to be confused with Norway’s massive sovereign wealth fund — said that earlier this month it owned Caterpillar stock valued at 728 million kroner , which it had now divested.In April 2021, KLP excluded companies linked to Israeli settlements in the occupied West Bank, including telecom equipment giant Motorola.

That attack resulted in the deaths of 1,195 people, mostly civilians, according to an AFP tally based on Israeli official figures.

Gaza Genocide Israel Caterpillar

 

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