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Norway Leader Rebukes US Senator Graham’s Criticism of $2 Trillion Fund
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An outburst by US Senator Lindsey Graham at Norway’s sovereign wealth fund over its divestment of Caterpillar Inc. prompted a response by the Nordic nation’s prime minister to explain the government has no role in the fund’s decisions, his office said.
Premier Jonas Gahr Store sent a text message to Graham and got a confirmation that it was received, a spokesperson at prime minister’s office said. Store’s message included information about the fund’s mandate and how its oversight is set up, the spokesperson said, underlining that the sale of Caterpillar wasn’t a political decision.
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Lindsey Graham Calls for Sanctions on Norway After Major BDS Move
Senator Lindsey Graham on Thursday threatened to slap tariffs on Norway for its sovereign wealth fund’s decision to divest from an American company reportedly complicit in Israeli human rights abuses in Gaza and the West Bank.
As part of an ongoing ethics review meant to root out investments that contribute to Israeli violations of international law, the Norwegian wealth fund announced this week that it would exclude the construction equipment manufacturer Caterpillar. The ethics council concluded, “There is no doubt that Caterpillar’s products are being used to commit extensive and systematic violations of international humanitarian law.” Namely, “Bulldozers manufactured by Caterpillar are being used by Israeli authorities in the widespread unlawful destruction of Palestinian property,” the council found, as the Boycott, Divest, and Sanctions (BDS) movement has long pointed out.
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