Overview
- Norway’s Government Pension Fund Global moved to sell its roughly 1.2% stake in Caterpillar, citing the use of the company’s equipment in Gaza home demolitions.
- The fund’s ethics council said there is no doubt Caterpillar products are used in widespread unlawful destruction of Palestinian property and in extensive violations of international humanitarian law.
- Sen. Lindsey Graham said he wants tariffs on countries that refuse to do business with American companies and suggested visa restrictions for people involved in the divestment decision.
- His statements are public threats rather than enacted U.S. policy, and any sanctions or visa limits would require governmental action.
- Reporting and satellite imagery reviewed by the BBC show thousands of Gaza homes leveled between March and July, and the U.N. human rights office has warned such destruction can constitute a war crime under the Geneva Conventions.