Overview
- Prime Minister Jonas Gahr Støre has directed a full review of all Israeli holdings in Norway’s $2 trillion fund to ensure compliance with ethical guidelines.
- Fund CEO Nikolai Tangen confirmed that the Bet Shemesh Engines stake, which grew more than fourfold to $15.2 million, will be reassessed after revelations about the company’s role in maintaining Israeli warplanes.
- The sovereign wealth fund held $2.1 billion in 65 Israeli firms at the end of last year, marking a 45 percent increase since December 2023 and reviving scrutiny over military suppliers.
- Norway’s Green Party has branded the investments “disgusting, totally unacceptable and unforgivable” and is demanding Tangen’s resignation amid sustained public and political backlash.
- UN-backed experts warn of a looming famine in Gaza, heightening pressure on Norway to align its state-backed investments with humanitarian principles.