cross-posted from: https://lemmy.zip/post/52851375
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.
Remember that the norwegian pension fund is incredibly large, and so broadly distributed that it just follows the market itself. https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Norway Still doesn’t mean they should avoid their own rules