Israeli assets are immoral but the fossil fuels that made Norway rich and are killing the rest of the planet are totally fine…
Taxibl on
Title is a bit misleading. Not divesting from all Israeli companies, just ones that don’t pass a certain ethics requirement. The Parliament specifically rejected a blanket ban:
Behind a paywall so can’t read specifics. Headline I guess is meant to sound like it’s a feel good story. But specifics are a bit murkier based on other articles on the subject I found online.
They had 61 Israeli companies that they were invested in before this, and divested from 11 completely. “The fund is now taking a closer look at the remaining 50 Israeli companies in the portfolio and will report back to the finance ministry by an August 20 deadline.” https://www.reuters.com/sustainability/boards-policy-regulation/norway-sovereign-fund-expects-sell-more-israeli-stocks-over-gaza-west-bank-2025-08-12/
Article does go on to say that “the government has repeatedly ruled out divesting from Israel as a whole on the grounds.”
Filias9 on
But Swasticar’s meme-shares are are still cool for Norway. I presume.
ExiledYak on
So…the same companies with the same valuation now have their prices knocked down for a discount?
Seems like the perfect buying opportunity for those that can invest in overseas companies.
I wonder what Bill Ackman thinks about this. Might be licking his lips.
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Israeli assets are immoral but the fossil fuels that made Norway rich and are killing the rest of the planet are totally fine…
Title is a bit misleading. Not divesting from all Israeli companies, just ones that don’t pass a certain ethics requirement. The Parliament specifically rejected a blanket ban:
[https://www.reuters.com/sustainability/society-equity/norway-lawmakers-oppose-blocking-wealth-fund-investment-firms-israeli-occupied-2025-06-04/](https://www.reuters.com/sustainability/society-equity/norway-lawmakers-oppose-blocking-wealth-fund-investment-firms-israeli-occupied-2025-06-04/)
Behind a paywall so can’t read specifics. Headline I guess is meant to sound like it’s a feel good story. But specifics are a bit murkier based on other articles on the subject I found online.
They had 61 Israeli companies that they were invested in before this, and divested from 11 completely. “The fund is now taking a closer look at the remaining 50 Israeli companies in the portfolio and will report back to the finance ministry by an August 20 deadline.” https://www.reuters.com/sustainability/boards-policy-regulation/norway-sovereign-fund-expects-sell-more-israeli-stocks-over-gaza-west-bank-2025-08-12/
Article does go on to say that “the government has repeatedly ruled out divesting from Israel as a whole on the grounds.”
But Swasticar’s meme-shares are are still cool for Norway. I presume.
So…the same companies with the same valuation now have their prices knocked down for a discount?
Seems like the perfect buying opportunity for those that can invest in overseas companies.
I wonder what Bill Ackman thinks about this. Might be licking his lips.