🇳🇴 Norway Considers Easing Nuclear Weapons Investment Ban After Gaza Controversy

A government-appointed committee has recommended easing ethical restrictions on Norway’s $2.3 trillion sovereign wealth fund, including allowing investments in companies producing nuclear weapons.

The review follows controversy over the fund’s decision to divest from US construction giant Caterpillar over its alleged involvement in Israeli human rights violations in Gaza and the occupied West Bank.

The committee argues that investment decisions linked to another country’s conduct should be handled through diplomatic channels. It also cites Norway’s reliance on NATO’s nuclear deterrent as a reason to reconsider the restrictions.

Critics warn that weakening the fund’s ethical standards could influence other major global investors.

Source: Al Jazeera

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