Norway pension fund cuts ties with Caterpillar over Gaza war ...Kuwait

News by : (The New Arab) -
Norway's largest pension fund has sold its $69m stake in the bulldozer company Caterpillar over the alleged use of their vehicles in illegal Israeli settlements in the occupied West Bank as well as destruction in Gaza. Pension fund KLP took the decision earlier this month after Caterpillar was not able to provide assurances that they were taking action to reduce the risk of their equipment from being used by the Israeli military against Palestinians in a manner that violates international laws. The KLP pension fund manages retirement assets for over half a million Norwegian public sector workers. The fund stands at around $90bn and has previously excluded companies fr

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