Hypocrisy on full display

Norwegian wealth fund divests From Bezeq over Judea and Samaria activity

Global finance powerhouse cites ethical concerns over services to settlements.

(Photo: Kobi Gideon/ Flash90)

Norway's wealth fund, which is considered one of the largest in the world, announced this morning (Wednesday) that it has sold its shares in the Israeli telecommunications company Bezeq, because Bezeq provides services to settlements in Judea and Samaria, according to the Reuters news agency.

According to the report, the provision of the service in Judea and Samaria is contrary to the fund's "rules of ethics," and as a result, the Norwegians sold all the Bezeq shares they held. The report on the fund's desire to stop its investments in the Israeli telecommunications company was published in September.

The Norwegian wealth fund, worth $1.7 trillion, could part with shares of several other companies that violate the IMF regulator's strict interpretation of ethical standards for "businesses that facilitate Israel's operations in the 'occupied Palestinian territories'."


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