Nordic fund KLP excludes Caterpillar from portfolios due to Israel sales

OSLO, June 26 (Reuters) – Norway’s largest pension fund KLP said on Wednesday it will no longer invest in Caterpillar Inc (CAT.N), opens new tab because of risk that equipment sold by the U.S. group to Israel is used to demolish Palestinian homes and infrastructure, including in the Gaza war.

The maker of bulldozers and other heavy machinery may be contributing to human rights abuses and to the violation of international law in Gaza and the West Bank, and has thus been excluded from the portfolio, KLP said….