$2 trillion shock from Norway to Israel

In a written statement from NBIM, details were included regarding the company's decision to exit some of its investments.

He ended the investments

The statement stated that the fund had exited its Caterpillar investment and also terminated its investments in Israel-based Hapoalim, Bank Leumi, Mizrahi Tefahot Bank, First International Bank of Israel and FIBI Holdings.

Emphasis on human rights

The statement underlined that the decision to withdraw from investments was taken because the companies in question "contribute to serious violations of human rights in situations of war and conflict."

The Ethics Council, affiliated with the fund, stated that bulldozers belonging to the US-based Caterpillar company were being used illegally by Israel to demolish Palestinian homes.

"THEY CONTRIBUTED TO THE SETTLEMENT OF ISRAEL"

The Ethics Council's statement regarding the Israeli banks included in the decision stated, "They contributed to Israeli settlements by providing financial services that are a necessary prerequisite for construction activities in Israeli settlements in the West Bank." NBIM also announced on August 12 that it had decided to withdraw from its investments in 11 Israeli companies.

Source: AA