Norwegian Sovereign Fund Withdraws Investments from Caterpillar Group and 5 Israeli Banks

SadaNews - The Norwegian sovereign wealth fund, which is valued at two trillion dollars and is the largest in the world, has decided to withdraw its investments from the American Caterpillar Group and five Israeli banks "for ethical reasons".

The list of excluded Israeli banks includes: Bank Hapoalim, Leumi Bank, Mizrahi Tefahot Bank, the First International Bank of Israel, and the FIBI Holdings Group, following an assessment that concluded there were "unacceptable risks" in their contributions to financing settlement activities and practices contrary to international humanitarian law.