Jakarta, CNN Indonesia —
Norway’s largest pension fund, KLP, has announced that it has divested assets in 16 companies it says are linked to illegal settlements Israel in the West Bank, Palestine.
KLP so far manages at least more than 550,000 Norwegian pension funds with a value of US $ 95 billion.
The divestment was decided after the publication of the United Nations (UN) in February 2020 released a list of 112 companies with links to Israeli settlements in the West Bank in violation of international law.
Some of these companies consist of telecommunications companies Motorola, Airbnb, Expedia, to Tripadvisor.
“Motorola and other companies are at risk of complicit in violations of international law in occupied Palestine,” KLP said in a statement Monday. AFP.
KLP accused Motorola of providing software used by the Israeli government to monitor the border with Palestine.
“The divestment of Motorola Solutions is a very direct decision on its supervisory role in the occupied territories,” KLP added.
Apart from Motorola, KLP also withdrew its capital from telecommunications operators in the West Bank because it was seen as contributing to “attractive settlements for settlers.”
Some of those companies include Altice Europe, Bezeq, Cellcom Israel, and Partner Communications.
KLP also sold shares in at least five banks and several contractor companies such as France’s Alsom Multinational.
The companies are considered to facilitate or finance the construction of housing and infrastructure for Jewish settlements on Palestinian land.
Apart from KLP, other Norwegian pension fund management companies have also attracted capital from companies with connections to Israeli settlements.
Apart from Palestine, at the end of last June, KLP also announced the divestment of the Indian port company and logistics group Adani Ports. KLP accuses Adani Ports of having links to Myanmar’s military junta, which toppled the civilian government of Aung San Suu Kyi in February.
(rds / dea)
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