Friday, September 4, 2009

Norway divests from an Israeli security company

"The Norwegian Government decided on Thursday to divest from the Elbit Israeli security and military industry company as it supplies security and surveillance equipment for the illegal Annexation Wall in the occupied Palestinian territories.

The decision was officially made public on Thursday by the Norwegian Finance Minister, Kristin Halvorsen.

Elbit Systems, an optics and electronics manufacturer was dropped from the Norwegian pension fund, which invests in 40 other Israeli companies. The fund, managed by the Central Bank in Norway, is worth $333 million.

The International Court of Justice at the Hague had officially declared the Wall as illegal in its advisory ruling of 2004.

Halvorsen stated that the Norwegian government is not willing to fund companies that directly or indirectly contribute to violation of the international humanitarian law......"

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