Two separate briefings have been released addressing the Norwegian Pension Fundâs investment in Israeli companies. One looks at IEC, Nesher, and Emblaze, while the second is a detailed report about on Israeli arms supplier Elbit Systems. Both demonstrate that the actions of the above firms run contrary to the Fundâs ethical guidelines and demand divestment.
1. The Norwegian Pension Fund and its involvement in violations of Human Rights and International Humanitarian Law in Palestine
The first briefing was created for the Norwegian Pension Fund to demand divestment from three Israeli companies. Israeli Electric Corporation (IEC), Nesher Israel Cement Enterprises Ltd, and Emblaze Ltd. all are engaged in activities that run contrary to the Fundâs ethical guidelines.
Israeli Electric Corporation (IEC)
The IEC has been in constant violation of the ethical guidelines in a number of ways. The most relevant is its historic and long-running support for Jewish settlements in the Occupied Palestinian Territory:
Nesher Israel Cement Enterprises Ltd.
Nesher is in continuing violation of the ethical guidelines in that the firm is involved in the ongoing construction of Israel’s illegal Wall and associated regime in the occupied West Bank:
Emblaze runs contrary to the ethical guidelines for the actions of its subsidiary companies, Matrix and Visual Defence.
See the full text here.
2. The investment of the Norwegian Pension Fund in Elbit Systems: Human Rights and International Humanitarian Law violations in Palestine
The second briefing focuses solely on Elbit systems, one of the largest Israel âsecurityâ and âdefenceâ companies. It is key in manufacturing a variety of weapons used against both the Palestinian and Lebanese people as well as providing technology used to secure the Wall and settlements.
UAVs and other weapons
Elbit Systems provides the Occupation forces with UAVs, electro optics systems and other military systems, with the full knowledge it is used to commit massacres against the Palestinian and Lebanese people. Elbit technology is regularly and ânormallyâ used in war crimes, such as targeted killings and the firing of ammunition (here, missiles whose blast is intended to cause excessive shrapnel) designed to inflict widespread injury by drones.
Surveillance and other systems for the Wall and settlements
Despite the ICJ ruling in 2004, construction on the Wall continues. Segments of the Wall are equipped and maintained with Elbit technology. Similar technology is also used in settlements, particularly those ringing Jerusalem.
See the full text here.