Norway's sovereign wealth fund announced on August 11 that it will partially divest from 11 Israeli firms due to ethical concerns tied to the conflict in Gaza. The decision follows an urgent review of investments linked to military operations after reports about funding firms connected to Israeli military jets. While Israeli media criticized the move, some analysts believe the government remains silent to avoid strengthening the Boycott, Divestment and Sanctions (BDS) movement, which has seen significant recent successes.
Israel's government has remained notably silent over Norway's decision on August 11 to partially divest investments in several Israeli companies, triggered by ethical concerns over the war in Gaza.
The Nordic country's $2 trillion sovereign wealth fund will withdraw investments from 11 firms linked to Israel, impacting relationships in the finance sector.
BDS has achieved a series of symbolic and material wins by pressuring institutions, corporations, and governments to cut ties with Israeli entities involved in the occupation of the Palestinian Territories.
The movement led to major divestments from the likes of AXA and Scotiabank, while prompting the exits of Samsung Next and 7-Eleven from Israel.
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