Jens Stoltenberg says move will avoid forced sale of shares in Amazon, Microsoft and Alphabet over their work for Israel

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.

  • Kissaki@feddit.orgEnglish
    6·
    1 day ago

    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.