Bravo! Norway Wealth Fund Divests from Israeli Firm Over West Bank Ties | Reuters
May 13, 2025
Norway’s sovereign wealth fund, the world’s largest, has sold all of its shares in Israel’s Paz Retail and Energy (PAZ.TA), opens new tab because it owns and operates infrastructure for the supply of fuel to Israeli settlements in the occupied West Bank.
The divestment, announced on Sunday, is the second after the fund’s ethics watchdog, the Council on Ethics, adopted in August a tougher interpretation of ethics standards for businesses that aid Israel’s operations in the occupied Palestinian territories.
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