Story perspectives
Norway's Wealth Fund Divests from Israeli Banks Over Ethics
8/26/2025
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Story summary
- On August 26, 2025, Norway's $2 trillion sovereign wealth fund divested from five Israeli banks and Caterpillar.
- The fund raised ethical concerns regarding potential contributions to rights violations in conflict areas.
- This action follows increased scrutiny of companies associated with Israel's activities in Gaza and the West Bank.
- Earlier divestments included Israeli telecom Bezeq and Russian steel firm Evraz.
