Archive · 6 Aug 2025
Norway Orders Review of Israeli Investments in Oil Fund
Norway, which has a lot of money from selling oil, has a big fund that invests in companies around the world.
Someone complained that some of the Israeli companies the fund invests in might be helping with the war in Gaza.
Because of this, Norway is checking all of its investments in Israeli companies.
They want to make sure the fund is not supporting anything it shouldn't be.
The fund is run by Norway's central bank, but it has a special group to make sure it follows ethical rules when it invests.
Norway's $1.9 trillion oil fund is reviewing its Israeli investments.
The review follows complaints about potential contributions to Israel's military actions.
The Ministry of Finance requested the review from the central bank and ethics council.
The fund increased its stake in Bet Shemesh Engines, which maintains fighter jets.
The oil fund has a mandate to invest in Israel, but investment decisions are up to the ethics council.
- Who
- Norway's Ministry of Finance and the oil fund
- What
- Norway is reviewing its investments in Israeli companies.
- When
- Following complaints about potential contributions to Israel's military actions.
- Where
- Norway
- Why
- To assess if investments comply with ethical guidelines, due to concerns over contributing to military actions.
Arguments for Review
Arguments Against Review
Ethical Concerns vs. Mandate Fulfillment
Arguments for Review
Some believe that investing in companies that support Israel's military actions is unethical and violates the fund's ethical guidelines.
Arguments Against Review
The fund is obligated to invest in Israel and the investments are made in accordance with the mandate.
- Fund Size
- $1.9 trillion
- Review Initiated By
- Ministry of Finance
- Review Requested From
- Central Bank and Ethics Council
- Investment in Bet Shemesh Engines
- $15.2 million (end of 2024)
- Number of Israeli Companies
- Around 65
- Stake in Bet Shemesh Engines in 2023
- $3.6 million