GLOBAL: Norway’s Government Pension Fund Global, which is managed by Norges Bank Investment Management, sold all its shares in Israeli firm Bezeq – which is allowed to provide telecoms services to Jewish settlements under the 1994 Oslo Accords in Palestinian-occupied territory. “The decision is based on a recommendation from the Council on Ethics of 30th August 2024… due to an unacceptable risk that the company contributes to serious violations of the rights of individuals in situations of war and conflict.”
The sovereign wealth fund’s watchdog added: “The company, through its physical presence and provision of telecom services to Israeli settlements in the West Bank, is helping to facilitate the maintenance and expansion of these settlements, which are illegal under international law. By doing so the company is itself contributing to the violation of international law.”
