Norway's wealth fund divests from Caterpillar over human 'rights violations' in Gaza
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Norway’s Wealth Fund Sells Caterpillar, Israeli Bank SharesThe $1.9 trillion fund divested from Caterpillar and five Israeli banks amid accusations of involvement in Gaza human rights abuses.
Key FactsAug 27, 2025 · Reading time: ~30 sec.
Summary created with AI assistance · Source: middleeasteye.net
Summary created with AI assistance · Source: middleeasteye.net
- Norway’s $1.9 trillion sovereign wealth fund divested from Caterpillar and five Israeli banks due to ethical concerns.
- The fund’s ethics council cited the companies’ roles in serious human rights violations in war and conflict zones.
- Caterpillar’s bulldozers have been used by Israeli forces to unlawfully demolish Palestinian property for decades.
- These divestments caused the fund to cut its holdings in Israeli firms by half within a few weeks.
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Norway's wealth fund divests from Caterpillar over human 'rights violations' in Gaza
middleeasteye.net/news/norway-wealth-fund-divests-caterpillar-over-human-rights-violations-gaza
World's largest sovereign wealth fund exits Caterpillar and five banks on Israel concerns
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