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Article

31 Mar 2009

Author:
Erik Hagen, Norwatch

Several Norwegian Investors in West Bank Company?

Norwatch revealed that the Norwegian Government Pension Fund has invested in the company Africa-Israel Investments Ltd, which is constructing illegal settlements on the West Bank...private Norwegian banks until recently have offered their customers the possibility to invest in the company behind these projects...Christine Tørklep Meisingset, manager of socially responsible investments (SRI) in Storebrand Kapitalforvaltning, said that they will now consider carrying out an ethical analysis of the company...BlackRock in London is, however, dead quiet about the investment. “We never comment on our customers’ investments,” Karen Hazlewood, press contact for BlackRock, wrote in an e-mail to Norwatch. [refers to Fokus Bank, Storebrand and Skandiabanken]