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07/12/2022at 14:13

Oil fund is biggest investor in illegal West Bank settlements

A report examining investments in illegal Israeli settlements on the Palestinian West Bank reveals that Norway’s oil fund is the largest investor in 50 companies located there, and that AB Industrivarden and Nordea are also among the 10 largest.
Illegal settlements on the West Bank | Photo: Niels Hougaard/UDL
Illegal settlements on the West Bank | Photo: Niels Hougaard/UDL
by martin fuglseth kolden, translated by catherine brett

A new report written by the Don’t Buy Into Occupation (DBIO) coalition, Exposing the financial flows into illegal Israeli Settlements, has found that several Nordic players invest in 50 companies which are actively working on the occupied territory, and that Norges Bank’s Government Pension Fund Global is the biggest investor in these firms.

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