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Article

5 Jul 2021

Author:
Al Jazeera (Qatar)

Norway: KLP fund divests from firms linked to Israeli settlements

Norway’s largest pension fund KLP announced it has divested assets in 16 companies for their links to Israeli settlements in the occupied West Bank, including telecom equipment giant Motorola.

...The companies, which span telecoms, banking, energy and construction, all help facilitate Israel’s presence and therefore risk being complicit in breaches of international law, and against KLP’s ethical guidelines", KLP said.

"Divesting from Motorola Solutions is “a very straightforward decision over its surveillance role in the occupied territories” KLP added, arguing the company provides software used in border surveillance.

The divestment follows the February 2020 UN publication of a list of 112 companies with activities linked to Israeli settlements, considered illegal under international law.

Israel’s government has denounced the publication of the list – which included companies like Airbnb, Expedia, and Tripadvisor – as a “contemptible effort”...

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