Norwegian fund drops stake in US construction giant over Palestinian home demolitions
(Photo Credit: Kobi Gideon/Flash90)
The Cradle | June 26, 2024
Norway’s largest private pension fund, Kommunal Landspensjonskasse Gjensidig Forsikringsselska (KLP), has dropped its stake in US construction giant Caterpillar Inc, citing “concerns” the company is contributing to the destruction of Palestinian homes in the occupied West Bank.
“Although Caterpillar has shown itself willing to engage in a dialogue with KLP, the company’s responses failed to credibly substantiate its ability to actually reduce the risk of violating the rights of individuals in situations of war or conflict, or of violating international law,” Kiran Aziz, the firm’s head of responsible investments, told Bloomberg.
Aziz highlighted that KLP dropped $69 million worth of Caterpillar shares and bonds earlier this month over the Texas-based company’s equipment being used “to demolish Palestinian homes and infrastructure to clear the way for Israeli settlements.”
She also cited allegations that Caterpillar equipment is being used by the Israeli army in Gaza.
The UN Office of the High Commissioner for Human Rights last week named Caterpillar among several corporations supplying Israel with military equipment and urged investors with stakes in these companies to “take action.”
“These companies, by sending weapons, parts, components, and ammunition to Israeli forces, risk being complicit in serious violations of international human rights and international humanitarian laws,” the UN statement reads.
The UN report also urged western financial institutions and investing firms like Bank of America, BlackRock, Citigroup, JP Morgan Chase, Harris Associates, Morgan Stanley, State Farm Mutual Automobile Insurance, and Wells Fargo & Company – among many others – to “take action” and prevent funding the mass killing of Palestinians in Gaza.
The decision by KLP comes one month after the Norwegian government officially moved to recognize a Palestinian state alongside Spain and Ireland.
“For more than 30 years, Norway has been one of the strongest advocates for a Palestinian state. Today, when Norway officially recognizes Palestine as a state, is a milestone in the relationship between Norway and Palestine,” Foreign Minister Espen Barth Eide said on 28 May.
On Wednesday, Palestinian media reported that the Israeli army demolished nine homes in the occupied West Bank, including Jerusalem, and another in the Palestinian territories occupied since 1948.
According to the Wall and Settlement Resistance Commission, Israel conducted “47 demolitions, affecting 66 facilities, including 35 inhabited homes, five uninhabited, and 15 agricultural and other facilities,” across the West Bank in May.
2 Comments »
Leave a comment
Featured Video
The Fake War on Terror in the Philippines
or go to
Aletho News Archives – Video-Images
From the Archives
The Gospel of Gaza
What we must learn from Netanyahu’s Bible lessons
BY LAURENT GUYÉNOT • UNZ REVIEW • NOVEMBER 6, 2023
In a speech in Hebrew on October 28, Netanyahu justified the Israeli slaughter of civilians in Gaza with a biblical reference to Amalek.
You must remember what Amalek has done to you, says our Holy Bible. And we do remember. And we fight. Our brave troops and combatants who are now in Gaza and in all other regions in Israel, are joining the chain of Jewish heroes, a chain that has started 3,000 years ago, from Joshua ben Nun, until the heroes of 1948, the Six-Day War, the October 73 War, and all other wars in this country. Our hero troops, they have one supreme main goal: to completely defeat the murderous enemy, and to guarantee our existence in this country.
In Netanyahu’s Holy Bible, God gives his chosen people Palestine, and the same God commands them to exterminate the Amalekites, an Arab people that stands in their way. Yahweh asks Moses to not only exterminate the Amalekites, but to “blot out the memory of Amalek under heaven” (Deuteronomy 25:19).
It was left to Saul to finish them up: “kill man and woman, babe and suckling, ox and sheep, camel and donkey,” Yahweh instructs him (1Samuel 15:8). … continue
Blog Roll
Recent Comments
Chris Moore on Free Speech Legislation Gains… aletho on College of Physicians and Surg… peterjohnarnold on Autopsy Study Linking COVID Sh… peterjohnarnold on College of Physicians and Surg… peterjohnarnold on Norwegian fund drops stake in… papasha408 on College of Physicians and Surg… Chris Moore on Norwegian fund drops stake in… sbsmayer97 on College of Physicians and Surg… papasha408 on College of Physicians and Surg… rediscover911com on Magazine Depth and Shield… Balthasar Gerards on Russia retaliates against EU’s… peterjohnarnold on Hamas slams Biden regime for p…
Aletho News- No slow down in US shipments of 2,000lb bombs to Israel
- Israel Lobby Cash Dominates and Perverts American Elections
- Five people killed in Ukrainian drone strike on Russian region – governor
- Robert Hur Emerges as the Clear Winner in the Presidential Debate
- ‘Epic Waste of $500 Million’: Scientists Slam HHS Funding for ‘Next-Gen’ COVID Oral and Nasal Vaccine Trials
- If the war expands, will western facilities become the new target banks?
- Over 80 UK war planes deployed from Cyprus to Lebanon since 7 Oct: Report
- These are the craziest ‘pro-Israel’ votes on the Hill today
- Why Zelensky won’t be able to negotiate peace himself
- NATO stuck in a Rutte with new boss
- If Americans Knew
- Chaos in Gaza, West Bank, and spreading – Day 266
- In Rafah, 83% of refugees report no access to food – Day 265
- The day Israeli tanks fired directly at AFP’s Gaza Bureau
- The craziest ‘pro-Israel’ votes on the Hill today
- Israeli documents show expansive government effort to shape US discourse around Gaza war
- Why As A Christian, I Won’t Be Condemning Hamas Anytime Soon
- Almost all of Gaza ‘totally and completely uninhabitable’ – Day 264
- Is “Israel Has a Right to Defend Itself” Code for “We Are Killing the Geneva Conventions”?
- Starvation deepens as Israel makes excuses, US and Germany provide cover – Day 263
- The Missing Children of Gaza, the drones, the bombs (and US complicity) – Day 262
- Richie Allen
- Today’s Show Is Cancelled – Back Tomorrow Thursday May 30th
- Call Richie Today Monday March 11th From 4.30pm
- Connect To The Richie Allen Show WhatsApp Today
- NHS Asks Patients To Choose From 12 Genders, 10 sexual Preferences & 159 Religions
- The Richie Allen Show Moves To A New Time Slot From Monday Nov 20th
- Starmer Will Sack Shadow Ministers Who Vote For Gaza Ceasefire
- AI Tool Can Predict Heart Attacks Years In Advance
- Nepal Bans TikTok To Preserve Social Harmony
- Bloke Appointed Boss Of Womb Health Charity
- WHO – “Gaza’s Biggest Hospital Becoming A Cemetery”
- No Tricks Zone
- German Professor Shows That The Road To Green Hydrogen Is Long, Expensive
- People Living Near Wind Turbines Vacate Their Homes Due To Harm To Pets, Livestock, Water Supply
- Expert’s Prediction Of “Summer of Hell” For Central Europe Hasn’t Materialized Yet
- Scientists Admit Cloud Radiative Properties Are 3D But Studies ‘Ignore’ This And Use 1D Simulation Data
- Claims Of Revolutionary Batteries Turn Out To Be Unfounded Hype By “Uncritical Media”
- Reminder: Historical Natural Warming Rates Dwarf Modern Climate Change
- Climate Alarmists Fretting Over European Cup 2024, Summer Festival Emissions
- Central Italy Was 3-4°C Warmer Than Today About 10,000 to 12,000 Years Ago
- Germany May Sales Of Electric Cars Plummet 30.6% Compared To Year Earlier
- Fossil Fuels Remain The Future. VW To Invest 60 Billion Euros In Combustion Engines!
Aletho News 
And if CAT refuses to sell its equipment to Judeofascist Israel (who, btw, are using taxpayer’s hard earned money to buy CAT equipment, underwritten by corrupt, politically correct Dems and Zionist GOP politicos) then the Judeofascists will shriek “antisemitism” and claim CAT is in violation of ZOG’s “rules based order”.
CAT is damned if they do and damned if they don’t.
The problem is these Big Brother bodies of “elites” (like the UN) who get corrupted by these Judeofascists, Zionists and kosher liberals, and then start punishing industry for their sins, in what amounts to another shakedown racket.
Let he who is without sin cast the first stone, said Jesus Christ. The Judeofascists have corrupted everyone and everything, and sit in their whitewashed capitols and hallowed presidiums shaking down industries and individuals caught in their vile web.
LikeLike
I threw out my Cat boots and vowed never to use any Caterpillar product the day they murdered Rachel Corrie.
LikeLike