The Norwegian Sovereign Resources Fund announced the largest in the world that it had abandoned its shares in the American group of construction equipment “Catpeberler” due to the involvement of its bulldozers in human rights violations in Gaza.
The fund said in a statement on Monday that the Catpeberler products are used to commit widespread violations and a systematic humanitarian law in the Palestinian sector destroyed by the Israeli war that has been continuing for nearly two years.
The Fund, Mamlua of the Norwegian Central Bank, explained that it decided to abandon these shares on the recommendation of its ethics council.
According to the Fund Ethics Council, the bulldozers made by Catpeberler are used by the Israeli authorities for illegal and wide destruction of Palestinian property.
He added that the American group “did not implement any measures to prevent such use.”
The Norwegian sovereign wealth fund is worth about $ 1.9 trillion, fed by the oil exports revenues of the Alexandin state rich in energy sources, and the fund has investments in more than 8,600 companies around the world.
The Fund was one of the ten largest shareholders in Catpeberler, with 1.2% of its capital, equivalent to $ 2.4 billion.
In his statement, the fund announced that it also withdrew from 5 Israeli banks accused of financing the construction of illegal settlements in the West Bank.
The five Israeli banks are the Israeli Bank International Bank, Vippe Holdings, Laomi Bank, Mazrah Tafat, and Hapoalim Bank.
The fund announced in early August this to abandon its investments in 11 Israeli companies for involvement in the war in Gaza.
