The World’s Largest Sovereign Wealth Fund Against Israel
Norway’s sovereign wealth fund, which is the largest in the world, is determined to divest from some companies supporting Israel based on the strategies and recommendations of its Council on Ethics for business conduct.
The ethics council of this fund operates according to rules set by the Norwegian Parliament, and investigations into the role of various companies in Israeli operations in Gaza have convinced the council that several companies in which the national fund holds shares are subject to investment prohibition rules. Specifically, major American arms manufacturers have been reviewed and investigated, and the likelihood of Norway’s national fund withdrawing its investments from these companies is very high.
Relations between Norway and the Israeli government have soured after the European country joined South Africa in filing a complaint against Israel at the International Court.