Norway Pension Fund Blacklists Firms Supplying Israeli Military

Norway’s largest Private Pension Fund excluded his two defense companies from his portfolio, referring to his ties with the Israeli army and the war in Gaza.

Klp Emeklilik, who supervised approximately $ 114 billion, said on Monday that Oshkosh Corp. Or he said he wouldn’t invest in Thyssenkrupp AG.

The Fund said that the decision was followed by a report that the companies supplying from the United Nations to the Israeli Defense Forces last June with weapons deployed in Gaza. After meeting with the companies, KLP said that they were “contrary” to the investment guidelines of the fund.

Kiran Aziz, Head of Investments Responsible for Klp KapitalForvaltning, said, “For this reason, we decided to exclude them from our investment universe,” he said. Before 16 June, KLP received approximately 19 million crowns in Oshkosh and about 10 million crowns in Thyssenkrupp.

Oshkosh and Thyssenkrupp spokesman did not respond to the request for comments sent outside of normal office hours.

Hamas attacked Southern Israel on October 7, 2023, killed 1,200 people, and a war in Gaza, which lasted almost 20 months. According to the Ministry of Health operated by Hamas, more than 55,000 Palestinians have been killed, and most of the region was lowered as rubble.

KLP’s decision is entering a wider campaign by human rights activists who call on financial firms and consumers to remove or boycott them from Israel. In Norway, this campaign has chosen Norges Bank Investment Management, the $ 1.9 trillion -dollar dominant reserve fund of the country, which has shares in hundreds of Israeli companies. The Largest Fund, the largest in the world, has previously excluded companies because of Israel’s connections to the West Bank occupation.

KLP said that the UN High Commissioner is at risk of being a criminal partner in the serious violations of human rights and humanitarian laws of weapons, parts, components, components, components, components, components, and Israeli forces. The International Criminal Court issued a warrant for arrest for war crimes at the Gaza Strip for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant.

The Israeli government rejected the accusations, saying that the behavior of conflict was in accordance with international law.

KLP said that investment guidelines prevented the owner of the sale of weapons in armed conflicts, which use weapons and weapons to represent the serious and systematic violations of international law that regulate conflicts.

Aziz is expected to “use the necessary efforts to avoid guilt in basic human rights and human rights violations”.

KLP excluded Caterpillar Inc. last year for similar reasons.

This article was created from an automatic news agency feeding without changing the text.