Norway’s Prime Minister Calls for Review of Oil Fund’s Stake in Israeli Company

Norway’s Prime Minister, Jonas Gahr Støre, has asked the country’s oil fund, Norges Bank Investment Management (NBIM), to review its stake in an Israeli company. The move comes amid growing concerns over the company’s activities in the occupied Palestinian territories. The Prime Minister’s request is seen as a significant step towards addressing the ethical implications of Norway’s investments. The oil fund, which is one of the largest sovereign wealth funds in the world, has a stake in several Israeli companies, including those involved in the construction of settlements in the West Bank. The review is expected to focus on the company’s compliance with international law and human rights standards. The Prime Minister’s decision has been welcomed by human rights groups and activists, who have long campaigned for Norway to divest from companies involved in the occupation. The Israeli company in question has been accused of providing services and equipment to Israeli settlements, which are considered illegal under international law. The company’s activities have been widely condemned by the international community, and several countries have already taken steps to divest from companies involved in the occupation. Norway’s oil fund has a long history of investing in Israeli companies, but the country’s government has faced growing pressure to reconsider these investments in light of the human rights situation in the occupied territories. The review is expected to be completed in the coming months, and the oil fund’s board of directors will make a decision on whether to divest from the company based on the findings. The move is seen as a significant step towards promoting responsible and ethical investments, and it is expected to have a major impact on the country’s investment strategy. The Prime Minister’s decision has also been praised by Palestinian activists, who see it as a major victory in their campaign for international recognition and support. The review is expected to be a thorough and comprehensive one, taking into account the company’s activities and their impact on the human rights situation in the occupied territories. The oil fund’s investment in the Israeli company has been a subject of controversy for several years, with many Norwegians calling for the country to divest from companies involved in the occupation. The Prime Minister’s decision is seen as a response to these concerns, and it is expected to have a major impact on the country’s reputation as a responsible and ethical investor. The review is also expected to consider the company’s compliance with the United Nations Guiding Principles on Business and Human Rights, which provide a framework for companies to respect human rights in their operations. The company’s activities have been widely criticized by human rights groups, who have accused it of providing services and equipment to Israeli settlements, including those in the West Bank. The settlements are considered illegal under international law, and several countries have already taken steps to divest from companies involved in their construction. The Prime Minister’s decision has been welcomed by the Norwegian Parliament, which has been calling for the country to divest from companies involved in the occupation. The review is expected to be a major step towards promoting peace and stability in the region, and it is seen as a significant contribution to the international efforts to resolve the Israeli-Palestinian conflict.

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