Norway Wealth Fund Excludes Caterpillar Over West Bank Links
Norway's $2 trillion sovereign wealth fund has excluded Caterpillar Inc. from its investment portfolio due to the company's involvement in the destruction of Palestinian property in Gaza and the West Bank. The fund, which is one of the world's largest, made the decision based on an assessment that Caterpillar's products have been used in a manner that violates international humanitarian law. The exclusion is part of the fund's ethical investment policy, which aims to avoid investment in companies that contribute to serious human rights violations or environmental damage. The move is significant, as it highlights the growing scrutiny of corporate behavior and its impact on global issues, particularly in conflict-affected regions.
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