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Norwegian fund increases investments in "blacklisted" companies

The Norwegian sovereign wealth fund currently has NOK 19.5 billion invested in 28 firms on the UN's list of companies making money off Israeli settlements on the West Bank.

Photo: Niels Hougaard/UDL

While Norway's government scolds Israeli settlements, the country's sovereign wealth fund boosts its investments in blacklisted companies making money off them, writes domestic news agency Norsk Telegrambyrå by way of newspaper Aftenposten.

In 2019, the fund invested in 28 of the 112 businesses on the UN High Commissioner for Human Rights' recently published list of companies making money off Israeli settlements on the West Bank.

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