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Norway Pension Fund Blacklists Firms Supplying Israeli Military
- Norway’s largest pension fund, KLP, announced on Monday it would divest from Oshkosh Corporation and ThyssenKrupp for supplying weapons used by the Israeli military in Gaza.
- This decision followed KLP learning in June 2024 from a UN report that several companies supplied weapons or equipment to Israel’s army, with such arms used in Gaza.
- KLP revealed Oshkosh trucks are adapted as armored troop carriers, and ThyssenKrupp supplied warships before the Gaza war began on October 7, 2023, violating KLP’s investment guidelines.
- KLP sold holdings worth 19 million kroner in Oshkosh and 10 million kroner in ThyssenKrupp, stating these companies failed to document due diligence to avoid human rights violations.
- This move aligns with broader European fund divestments amid warnings that arms transfers to Israel risk complicity in international crimes and contribute to ongoing conflict and settlement abuses.
30 Articles
30 Articles
The Local - No
The LocalNorway's biggest pension fund bars US and German arms makers over Gaza war
Norway's biggest pension fund KLP said Monday it had dropped US group Oshkosh Corporation and Germany's ThyssenKrupp from its investment portfolio for selling weapons and equipment used by Israel's military in Gaza.
Municipal Landspensjonskasse, the largest public service pension insurance company in Norway, rejects Thyssen Krupp and Oshkosh shares. The corporations are accomplices of Israeli crimes against humanity.
The Norwegian pension fund KLP separates itself from its shares in the industrial group Thyssenkrupp. The reason for this is its business with Israel - specifically the supply of warships and submarines to the navy.
The New Arab
ARY NewsNorwegian fund bars US, German arms makers over Gaza war
Norway's biggest pension fund KLP said Monday it had dropped US group Oshkosh Corporation and Germany's ThyssenKrupp from its investment portfolio for selling weapons and equipment used by Israel's military in Gaza. KLP - which is separate from Norway's sovereign wealth fund, the world's largest - said Oshkosh Corporation was supplying trucks to the Israeli military, which adapts them into armoured troop transport vehicles. The fund also accused…
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