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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Massive Norwegian state fund to divest from Israeli company

Posted on 18 June 2012

Ethics board finds Shikun and Binui ‘in breach of international humanitarian law in East-Jerusalem’ “Norway’s Ministry of Finance announced Friday that a state fund that is Europe’s largest equity investor would no longer invest in Israeli construction company Shikun and Binui.
Oslo said the decision to cut Shikun and Binui from the Government Pension Fund Global, commonly known as the oil fund, came on the heels of a recommendation from a state ethics board, which found the company was in contravention of international law by being involved in building projects in East Jerusalem………………………………………..Full Article: Source


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