The British bank BlackRock has divested from Lev Leviev settlement projects on West Bank. The divestment follows pressure by three Norwegian banks marketing BlackRock funds. BlackRock was second biggest shareholder in the controversial Israeli firm.
The Norwegian Government Pension Fund has invested almost 20
million euro in the Chinese shipping group COSCO, which owns and
operates the bulk carrier Full City, wrecked outside Langesund in
Telemark, Norway. The partly state-owned Chinese shipping group is
already highly controversial and has for several years been involved in
much-disputed arms transport to undemocratic regimes.
Saga Petroleum’s old oil installation in the Seme field outside Benin
is rusting away; oil is leaking out and risks causing great
environmental problems in one of West Africa’s most abundant ocean
fishing areas. Now Benin has asked Norway to help clean up.
The working conditions are extremely dangerous, the salaries low and
the environmental standards minimal. Norwegian shipyards that order
hulls in Eastern Europe can both cut costs and take short turns,
according to a new Norwatch report.
When Norwatch examined Green Resources’ tree-planting project in Tanzania more closely in 2000, one of the objections was that Tanzania leased out the ground at a bargain price. Nine years later the leasing price has sunk to a third of that.
The Norwegian investor KLP has today announced that they have kicked
out the Australian firm Incitec Pivot from its funds. The company
imports phosphate rock from Western Sahara, which is occupied by
The Norwegian seismic company Fugro-Geoteam has completed its controversial exploration offshore occupied Western Sahara. Their employer’s plans to become established on the Canary Islands have aroused strong reactions.
Fokus Bank, Storebrand and Skandiabanken have until recently offered
their clients funds in which the controversial company Africa-Israel
Investments is listed. Storebrand does not know if it is still the
case. The UK fund manager is dead quiet.
Norwegian pension money has been invested in an Israeli company that is
constructing illegal settlements on the West Bank. Africa-Israel
Investments has been turned down by the British Foreign Office, and the British Embassy refuses even to be the
company’s tenant in Tel Aviv.