Norway's sovereign fund divests from Elbit for "contributing to violations of humanitarian law" by supplying equipment for West Bank separation barrier
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Author: Aasa Christine Stoltz & Wojciech Moskwa, Reuters
Norway's sovereign wealth fund has sold its stake in Israeli company Elbit Systems because it supplied surveillance equipment for the separation barrier in the West Bank. The $400 billion-plus…fund…has in the past ruled out investing in some two dozen firms that produce nuclear arms or cluster munitions, damage the environment or abuse human rights or workers' rights…"We do not wish to fund companies that so directly contribute to violations of international humanitarian law," Finance Minister Kristin Halvorsen said…Elbit officials were not immediately available for comment. “…Elbit is clearly aware of exactly where and how the [surveillance] system is intended to be used," [Halvorsen] said.
- Related stories: Norway's sovereign fund divests from Elbit for "contributing to violations of humanitarian law" by supplying equipment for West Bank separation barrier
- Related in-depth areas: Israel & Palestine
- Related companies: Elbit Systems
Author: Council on Ethics, Norwegian Government Pension Fund - Global
The Council on Ethics recommends that the Israeli company Elbit Systems Ltd (“Elbit”) be excluded from the Government Pension Fund – Global. Elbit supplies a surveillance system that is part of the separation barrier being built by the Israeli government in the West Bank. The construction of parts of the barrier may be considered to constitute violations of international law, and Elbit, through its supply contract, is thus helping to sustain these violations.