Norwegian Govt. Pension Fund excludes Africa Israel Investments & subsidiary Danya Cebus for role in building Israeli settlements on occupied territories – Africa Israel says it is no longer building West Bank settlements
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We note that despite our letter dated 30 June 2009, you have elected to link us with two firms known as Southeast Resources Limited and Atlantic Resources Limited…We further note that you have accused us of being internationally notorious for illegal logging activities…We strongly deny the above accusations and all the allegations raised against us in your abovementioned articles.
Author: Walter Gibbs, Reuters
Norway excluded two Israeli firms from its $450 billion sovereign wealth fund…saying it would be unethical to invest in [Africa Israel Investments and Danya Cebus (part of Africa Israel)]…because they have helped build Israeli settlements on occupied Palestinian land…Norway's Ministry of Finance also said it would no longer invest in Malaysian forestry company Samling Global…because of some of its logging activities…Aslak Sckanke, senior adviser to the Norwegian wealth fund's Council on Ethics…"In no way is there a boycott of Israeli firms," he said. "[…]We look at what companies do, not where they are from." A spokesman for Africa Israel said the company was no longer building West Bank settlements…Samling Global could not be immediately reached for comment [also refers to Elbit Systems]
Author: Global Witness
Global Witness today welcomed the Norwegian Government Pension Fund's decision to disinvest from the notorious Malaysian timber giant Samling. Global Witness has previously exposed illegal logging by Samling in Cambodia...The Norwegian government's decision follows an investigation which documented "extensive and repeated breaches of the licence requirements, regulations and other directives governing the company's forest operations in Sarawak, Malaysia and Guyana". In the 1990s Global Witness revealed that Samling was illegally sourcing timber from a Cambodian wildlife sanctuary. The company has since faced serious allegations of illegal logging in Papua New Guinea and Guyana and has been at the centre of a bitter conflict with the Penan minority in Borneo, who have claimed that Samling has abused their rights and destroyed their livelihoods. [also refers to Alpha Logging & Atlantic Resources, Southeast Resources]