The group sold shares and bonds worth $69 million in the Texas-based company this month.
An Israeli contractor's Caterpillar 330B LME hydraulic excavator grabs a load of soil and rocks as it clears the path of Israel's separation fence on Palestinian land on July 1, 2004, in the West Bank village of Az-Zawiya.from Texas-based company Caterpillar, citing concerns about Israel’s use of Caterpillar bulldozers to commit war crimes in Gaza and the West Bank.
“The constant use of these weaponized bulldozers in the occupied Palestinian territory has led to a series of human rights warnings from United Nations agencies, and nongovernmental organizations over the last two decades about the company’s involvement in the demolition of Palestinian homes and infrastructure,” wrote KLP’s head of responsible investments, Kiran Aziz, in an
It is “impossible to assert that has implemented adequate measures to avoid becoming involved in future norm violations,” Aziz wrote, noting that the company is aware that its equipment is being used by Israeli forces.pro-Palestinian American activist Rachel Corriereported that Israeli bulldozers trampled and buried alive dozens of wounded and sick Palestinians taking shelter outside Kamal Adwan Hospital in northern Gaza.the West Bank, as strategized by Israeli Finance Minister Bezalel Smotrich.
“There is no excuse to be silent over the role of companies linked to Israel’s illegal actions in the occupied territory and its war in Gaza,” Aziz wrote. “Blacklisting Caterpillar and others linked to illegal settlements should become the norm for pension funds who claim to care about human rights.”
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