Norway’s sovereign wealth fund, the largest in the world with $1.8 trillion in assets, has just sold off all its shares in Israel’s major telecom company Bezeq, reported The Cradle on Dec. 4. This is precisely the type of action recommended by the UN International Court of Justice, in deliberating on South Africa’s case charging Israel with committing genocide in the Gaza Strip.
The fund’s ethical council cited as the reason for its action Bezeq’s physical presence in, and provision of telecom services to, illegal Israeli settlements in the West Bank which, it said, “is helping to facilitate the maintenance and expansion of these settlements.” By doing so, the fund continued, “the company is itself contributing to the violation of international law.”
