US EditionNorway wealth fund divests from Israel's Paz Retail and Energy due West Bank activities
- On Sunday, Norway's sovereign wealth fund divested from Paz Retail and Energy in Israel due to the company's involvement in fuel supply to illegal settlements in the West Bank.
- The divestment followed the Council on Ethics' August decision to tighten rules targeting businesses supporting Israeli settlements in occupied Palestinian territories.
- The fund reviewed about 65 companies linked to sectors like energy and infrastructure, recommending divestment first from Bezeq in December and then from Paz.
- The Council noted that Paz’s role in providing the facilities for delivering fuel to Israeli settlements located in the West Bank supports the continuation of these settlements.
- This decision marks the latest European financial response to Israel's contested settlement activities, reflecting ongoing concerns over international law violations.
32 Articles
32 Articles
Welsh pension fund has more than 180 times the investments in Israel it claims, so campaigners are taking action
Palestine solidarity campaigners in west Wales are drawing attention to Dyfed Pension Fund’s (DPF) hundreds of millions in investments linked to Israel’s war crimes. They are collecting signatures for a petition that calls on the DPF to quit these investments and end its complicity. Dyfed Pension Fund: complicit in Israel’s Gaza genocide On Thursday 15 May, campaigners will lobby the Board Meeting of the Dyfed Pension Fund (DPF) at County Hall i…
Norway’s Sovereign Wealth Fund divests from Israeli energy company
Move comes days after country’s biggest union group voted overwhelmingly for complete boycottThe future for investments in Israel?Norway’s sovereign wealth fund has announced its divestment from Israel’s Paz Retail and Energy because they Israeli firm supplies fuel to Israeli settlements in the occupied Palestinian territories. This is the fund’s second such divestment – after its ethics body’s decision to sell all the fund’s shares in Israel’s…
How should Norway spend its cash? Solve global problems, says citizen panel
OSLO - Norway's $1.8 trillion wealth fund, the world's largest, should invest more money in sectors addressing global challenges such as climate change and health and accept it may get lower returns on these investments, a citizens' panel said on Tuesday. Read more at straitstimes.com.
Norway wealth fund divests from second Israeli company since start of Gaza war
The world's largest sovereign wealth fund will no longer invest in Paz Retail and Energy, citing the Israeli company's operations in the West Bank. The fund is the latest European financial entity to weaken ties to Israeli companies
Norway oil fund divests holdings in Israeli petrol station group
Norway's sovereign wealth fund, the world's largest with assets of around $1.8 trillion, has excluded an Israeli group on ethics grounds because it supplies fuel to illegal settlements in occupied Palestinian territory.
Norway Wealth Fund Divests from Israeli Firm over Links to Illegal West Bank Settlements - Quds News Network
Oslo (Quds News Network)- Norway’s sovereign wealth fund has sold all of its shares in Israel’s Paz Retail and Energy, citing its operations in illegal Israeli settlements in the occupied West Bank. The world’s largest wealth fund announced the divestment on Sunday, pointing to Paz’s role in owning and operaring infrastructure for the supply of fuel to Israeli settlements as the reason. “This is a clear violation tied to activities in the occupi…
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