Union leaders imagine the oil fund should promote arms shares

– By promoting weapons to Israel, weapons producers danger facilitating ongoing severe violations of worldwide humanitarian regulation in Gaza, says second deputy chairman Steinar Krogstad in LO in a press launch.

A brand new report printed by a number of members of the coalition Do not Purchase Into Occupation reveals that the Norwegian State Pension Fund overseas – often known as the oil fund – is among the many largest European monetary establishments that put money into worldwide arms producers that promote arms to Israel.

In response to the report, six arms producers have offered weapons or weapon techniques to Israel. The oil fund has investments in 4 of them.

– The Oil Fund and different gamers who put money into these corporations ought to take instant measures and promote themselves out of corporations that proceed to promote weapons to Israel, says Mette Nord, head of the Commerce Union.

Confederation chief Christopher Beckham in HK Norway is asking the federal government for motion.

– It’s unacceptable that our financial savings assist finance violations of worldwide regulation and human rights in Gaza and the West Financial institution. Now the federal government should give a transparent message to Norges Financial institution that that is one thing we can not take part in.