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June 13, 2015 9:24 am

Norwegian Insurance Giant Divests From Two Firms Over Judea and Samaria

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A neighbourhood in Ariel. Photo: Michoel Jacobson.

A neighbourhood in Ariel. Photo: Michoel Jacobson. – The Norwegian insurance giant KLP Kapitalforvaltning has excluded two multinational construction firms from their investment portfolio over their ownership of Israeli companies who operate in Judea and Samaria.

“KLP is excluding Heidelberg Cement and Cemex on the grounds of their exploitation of natural resources in occupied territory on the West Bank,” the company announced Thursday, Haaretz reported. “In KLP’s opinion this activity constitutes an unacceptable risk of violating fundamental ethical norms.”

The two companies in question—Heidelberg Cement, a Germany company, and Cemex, a Mexican company—acquired the Israeli firms Hanson Quarry Products Israel and Readymix Industries Israel, who both run quarries in Area C of Judea and Samaria, which is under Israeli control.

“No such agreement can override the rules relating to occupation set out in the Hague Regulations and the Fourth Geneva Convention,” KLP said.

Both Heidelberg and Cemex, however, stressed that most of the workers at their Judea and Samaria quarries are Palestinian and benefit from the same working conditions as Israelis.


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  • Graciela

    And how is QUISLING doing?

  • hillel

    not surprising how Hitlers old collaborating pals have waited 70 years and can finally get back together to eradicate less than 0.005% of the world population, the Jews. Queer how they can’t count either. Their innate hatred has been so ever present is now allowed to come to the fore with total impunity and abosolutely no fear for consequence. Here they dare to voice concern for ethical norms when they misconstrue and deliberately misinterpret international law to recognise a palestinian nation which never was but merely a group of Nazi collaborators and sympathiser right from Nazi inception and through to this day. We Jews should not acquiese to any demands from the demonic European and generally western nations in support of the barbarous muslim hordes who are conquering them.

  • Jonas

    Norway pardon me never heard about.
    Probably one of the major Jew hating and Nazi friendly countries of Europe, good to know.
    I will stop visiting that country stop eating your salmon not consuming your herring not buying your petrol- and any Norway products what so ever.
    You are still killing the world owned whales out of your
    vicious murdering viking folklore.
    I will treat you and your friends with the most disgust thinkable.

  • zadimel

    The withdrawal from the investment portfolio of KLP of two multinational construction companies which operate in Judea and Samaria,makes no sense. The so-called occupation – which should be more accurately described as a presence in disputed territory – was caused by the ongoing efforts of the Palestinian people and nearby Arab nations to annihilate the Jewish State and the Jewish people. That the presence of Israeli troops in parts of the West Bank is an annoyance to those who wish to destroy the Jewish State is unfortunate, which can easily be remedied. If Israel’s enemies decide to at least forgo violence and co-operate with that nation’s desire to maintain international harmony among the nations in the Middle East, much can be accomplished.

  • zadimel

    The severe indifference by the government of Norway to the joint Nazi-Norwegian roundup of Jews in WW2 contrasts with the co-operation the government of Denmark to warn and assist the Danish Jews to flee the country. While Norway refused in general to offer compensation to those who returned, Denmark welcomed them back and returned their properties. Jew-hatred seems to be a standard policy among the greedy Norwegian companies.