World’s largest wealth fund divests from Israeli energy company
Norwegian sovereign wealth fund divests from Paz Retail and Energy over West Bank settlements
Norway’s sovereign wealth fund has decided to divest from Israel’s Paz Retail and Energy because it owns and operates infrastructure supplying fuel to Israeli settlements in the occupied Palestinian territories.
It marks the second divestment after the fund’s ethics watchdog, the Council on Ethics, adopted a tougher interpretation of ethics standards for businesses in August that aid Israel’s occupation of the West Bank and Gaza Strip.
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