Norway boycotts 'unethical' Israel firms

Norwegian Finance Minister Sigbjoern Johnsen


Source: Press TV
http://www.presstv.ir/detail/139870.html


The Norway Oil Fund has divested from Africa-Israel Investments and its subsidiary, Danya Cebus Ltd., for the construction of settlements in the West Bank.


“The Council on Ethics emphasizes that the construction of settlements in occupied areas is a violation of the Geneva Convention relative to the Protection of Civilian Persons in Time of War," Norway's Finance Minister Sigbjoern Johnsen said in the statement on Monday.

"Several United Nations Security Council resolutions and an International Court of Justice advisory opinion have concluded that the construction of Israeli settlements in occupied Palestinian territory is prohibited under this Convention,” Ha'aretz's website quoted Johnsen as saying.

The Norwegian state-run pension fund has assets worth USD 450 billion, and held USD 1.16 million Africa-Israel shares.

The Norwegian Oil Fund, managed by the country's Central Bank, does not invest in companies that manufacture nuclear weapons or weapons of mass destruction, and divests from those that harm the environment and violate workers' rights.