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Union presses Norway wealth fund to divest from firms that aid Israel in West Bank, Gaza

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yesterday

Norway’s $1.8 trillion wealth fund, the world’s largest, should divest from all companies that aid Israel in areas claimed by the Palestinian for a future state, a leader at Norway’s powerful LO trade union told Reuters, intensifying an ongoing divestment campaign.

LO, the biggest confederation of trade unions in Norway, is aligned with the governing Labour Party and often exerts influence on policy beyond traditional workers’ rights issues.

“We want the fund to pull out of the companies that have activities in the occupied Palestinian territories,” Steinar Krogstad, deputy leader at LO, said in an interview.

LO’s general policy is that Norway’s sovereign wealth fund, the world’s largest, should not invest in companies that breach international law, Krogstad said.

“This question is more on the agenda now… because of Israel’s policy, attacks and war in Gaza and in the West Bank,” he said, speaking on the margins of the union’s congress, where the Palestinian flag flew alongside those of the United Nations and Norway.

The Israeli embassy in Oslo did not immediately reply to a request for comment.

The United Nations General Assembly in September adopted a resolution calling for Israel to “end without delay its........

© The Times of Israel