Norway Fund Excludes Two Companies Linked to Occupied West Bank Settlements

A number of registered charities in Canada support settlement projects directly or indirectly (Photo: via ActiveStills.org)

Norway’s sovereign wealth fund, the world’s largest, has excluded two Israeli firms involved in the development of Jewish settlements in the occupied West Bank, citing concerns about potential rights violations.

In a statement released late Wednesday, Norway’s central bank said that the fund will divest its holdings in the companies “due to unacceptable risk that the companies contribute to systematic violations of individuals’ rights in situations or war or conflict”.

The companies are Shapir Engineering and Industry, which is involved in the construction of homes in illegal Jewish settlements, and Mivne Real Estate.

(Palestine Chronicle, AJE, Social Media)

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