Source: CNBC
“The U.S. administration struck out at Norway’s $2 trillion wealth fund, saying it was ‘very troubled’ by the recent exit from American company Caterpillar. In recent weeks, the Norwegian sovereign wealth fund — the largest of its kind in the world — wound down its investments in Israel and announced plans to sell its holding of U.S. machinery manufacturer Caterpillar, amid concerns over links to the conflict in the Gaza Strip. … Last week, Norges Bank Investment Management, or NBIM — which manages the fund on behalf of the Norwegian population — said it would exit its stake in Caterpillar and five Israeli banks, citing ‘unacceptable risk that the companies contribute to serious violations of the rights of individuals in situations of war and conflict.’ At the end of last year, the fund held a 1.2% stake in New York-listed Caterpillar.” (09/04/25)