Posted by: Lister | September 3, 2009

Norway divests from Israeli arms firm Elbit

Haaretz:

Norway’s finance minister, Kristin Halvorsen, announced at a press conference in Oslo earlier in the day that the divestment was due to Elbit’s involvement in the construction of the West Bank separation fence.

[…] “We do not wish to fund companies that so directly contribute to violations of international humanitarian law,” said the minister. She said the shares were sold secretly ahead of the announcement.

Elbit manufactures a monitoring system installed on several parts of the separation fence.

[…] Norway’s pension fund is invested in 41 different Israeli companies.

A research project by the Coalition of Women for Peace called “Who profits from the occupation” found that almost two thirds of those firms are involved in West Bank construction and development.

(Via JSF, who also provides a link to whoprofits).

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