Jan 12, 2011

#BDS: Norwegian Pension Divests from Israeli Companies

"The Norwegian Government Pension Fund Global (GPFG) announced divestment from two Israeli companies, Africa Israel Investments and Danya Cebus, due to their involvement in the construction of illegal settlements in the West Bank.

This comes only a year after the GPFG divested from Elbit Systems Ltd., the Israeli defense firm involved in the construction of the Separation Wall.

Danya Cebus has carried out construction projects, as a hired contractor, in Har Homa, an Israeli settlement in East Jerusalem, and in the settlements Ma’aleh Adumim, Modi’in Ilit, and Adam, according to Israeli news daily Haaretz. At the end of 2009 the Norwegian fund owned shares worth 7.2 million Norwegian crowns (‏€1.16 million) in Africa Israel Investments."

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#BDS: Norway Divests from Leviev Companies Due to Israeli Settlement Construction

"New York, NY – In a major victory for the international movement for Boycott, Divestment and Sanctions (BDS) against Israel, the Norwegian government announced today that it has divested from Lev Leviev’s company Africa Israel Investments and its construction subsidiary Danya Cebus due to their construction of Israeli settlements in the Occupied Palestinian Territories. The move followed a campaign of more than a year by affected Palestinian villages of Bil’in and Jayyous and by Norwegian, Palestinian, Israeli, and international activist groups, including Adalah-NY, calling on the Norwegian government to divest from Africa Israel."

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#BDS: Norway examines the ethics of its Israel investments

"Of 41 Israeli firms the Norwegian pension fund holds, focus is on Elbit for its military products.

Norway is reexamining its investments in several Israeli companies, in particular Elbit Systems. Two representatives of the Council on Ethics of the Norwegian finance ministry visited Israel at the beginning of June, in the wake of growing criticism of Israel in Norway in the months following last winter's Israeli offensive in Gaza. The representatives met with, among others, groups of Palestinians and Israelis who claim that Norway invests in businesses directly involved in the Israeli occupation, which, they say, contradicts its commitment to abide by international law and to a just solution for the area."
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