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Artigo

6 jan 2009

Author:
John Archer, Reuters

Update 1 - Norway oil fund's Israel holdings under scrutiny

Norway's finance minister has ordered a review of investments by the country's $300 billion wealth fund in companies active in the Palestinian territories after Israel's crackdown in the Gaza Strip, officials said. The Government Pension Fund – Global…invests Norway's oil wealth...under ethical guidelines from the ministry of finance…Finance Minister Kristin Halvorsen…asked the fund's ethics council to assess whether companies in which the fund is invested and which operate in the Palestinian territories are in compliance with the guidelines…The ethical guidelines prohibit the fund from investing in companies where there is an unacceptable risk of contributing to serious or systematic abuses of human rights…[refers to Israel Electric]