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CAT240628P00335000
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ReutersNordic fund KLP excludes Caterpillar from portfolios due to Israel sales
Norway's largest pension fund KLP said on Wednesday it will no longer invest in Caterpillar Inc 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. The fund manager held shares in Caterpillar worth 728 million Norwegian crowns ($69 million) prior to a June 17 decision to divest its stake.
BloombergNorway Pension Fund Exits Caterpillar Stake on Israel Links
(Bloomberg) -- Norway’s largest private pension fund has exited its stake in Caterpillar Inc., citing concerns that the US company may be contributing to human rights abuses in the West Bank and Gaza.Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorNvidia Rout Takes Breather as Traders Scour Charts for SupportTrump Could Actually Lose Florida. Here’s Why.Rivian Gets $5 Billion Lifeline in Joint Venture With VolkswagenJulian Assange Leaves Court ‘F
StockStoryQ1 Earnings Roundup: Lindsay (NYSE:LNN) And The Rest Of The Heavy Machinery Segment
Earnings results often indicate what direction a company will take in the months ahead. With Q1 now behind us, let’s have a look at Lindsay (NYSE:LNN) and its peers.
