Norway has suspended its ethical investing rules to avoid its $2.1 trillion (€1.8 trillion) oil fund being forced to sell out of Amazon, Microsoft and Alphabet due to their work for the Israeli government, according to its influential finance minister.
that the US had publicly conveyed its concerns after
It’s quite absurd that US concerns supposedly lead to this.
You set a moral baseline, which has consequences, and when a foreign state voices concerns about ethical consequences having an impact [on them] the moral baseline is “paused”/disabled.
It even went through parliament. It wasn’t just the government taking some action by themselves. I’d be interested in reasoning and debate in parliament.
A discard defeat of a morality/ethics baseline.
Spineless. There’s so much money to be made via other endeavours, ones which would be more likely to be profitable with the financial backing of such a wealth fund.
It has become such a huge national case because many, many of us disagree with the government on this.
If they can suspend your ethics council at will then you have never really had an ethics council. There’s no war, no economic depression, no emergency forcing their hand.
Norway is a very prosperous country, I’ve been there a few times and seen for myself, there’s no excuse for suspending ethics for financial gain in this way.
Stop taking bribes from lobbyists! Stop listening to their threats and worst case scenarios do what is right!
