Facebook share Share on TwitterRSS feed

Innovative Minds © 2014. All Rights Reserved. www.inminds.co.uk

[Boycott - Divestment]

Swedish pension giant shuns Israeli arms maker


AFP
30 March 2010

STOCKHOLM — The biggest Swedish pension fund said Monday it had barred Israeli arms maker Elbit Systems from its investment portfolios on ethical grounds.




Following the lead of Norway's state oil fund, Foersta AP-Fonden said it had banned investment in Elbit because it had built and was operating a surveillance system for a controversial barrier between Israel and the West Bank.

"The Ethical Council recommended that Elbit Systems Ltd should be excluded from each portfolio because it deems that the company can be linked to violations of fundamental conventions and norms," it said in a statement.

Israel says the barrier -- a network of walls, fences and closed military roads -- is designed to prevent attacks. The Palestinians view it as an "apartheid wall" that carves off key parts of their future state.

Israel has so far completed 413 kilometres (256 miles) of the planned 709-kilometre (435-mile) barrier, according to UN figures.

When completed, 85 percent of the wall will have been built inside the West Bank, taking land from villages like Bilin and Nilin.

The international community has condemned Israel's decision to construct the barrier.

The Swedish fund, which only had small investments in Elbit according to its ethics council chairwoman Annika Andersson, said that Grupo Ferrovial, PetroChina, Thales and Yahoo had successfully addressed its concerns about ethics violations.

Last September, Norway's state pension fund, one of the world's biggest investors, also banned Elbit from its portfolio, prompting the Israeli foreign ministry to summon Norway's ambassador in protest at the move.

Source: http://www.presstv.ir/detail.aspx?id=122020§ionid=351020202


Swedish pension fund bans Israeli firm


Press TV
30 March 2010

Sweden's biggest retirement fund boycotts an Israeli electronics company involved in the operation of the surveillance system installed on the West Bank separation barrier.

The Israeli army's Elbit Systems has been barred by the Forsta AP-Fonden pension fund in protest to the firm's role in the construction of the "apartheid wall" erected deep inside the Palestinian territories.

The separation wall runs 709 kilometers (435 miles) through the West Bank, isolates Palestinian orchards and cuts the locals from hundreds of hectares of their land. This is leading to the total isolation of the Palestinian Plains — the fruit basket of Palestine — in the Jordan valley area.

The Swedish Pensions fund stated on its website that the Ethical Council urged the boycott of Elbit Systems due to the company's involvement in the Annexation Wall, which Stockholm deems illegal under international law.

Israel has been pushing ahead with the erection of the separation wall, defying the 2004 advisory ruling of the International Court at The Hague which said the move violates international law.

In September 2009, the State Pension Fund in Norway also decided to boycott the Haifa-based Elbit Systems, infuriating Tel Aviv officials who summoned the Norwegian ambassador to protest the decision.

Source: http://www.presstv.ir/detail.aspx?id=122020§ionid=351020202


Related Articles


Also Of Interest

Page URL: http://www.inminds.co.uk/article.php?id=10334
Support Us
If you agree with our work then please support us.

Give one time donation:

Setup monthly donation:
INMINDS Facebook Live Feed
Latest Video's
Latest News..
[all-by date]
[all-by category]
[all-by modify date]
INMINDS Twitter Feed
Boycott Israel Campaign
Featured Video's
You need Flash player 8+ and JavaScript enabled to view this video.
Why boycott Israel on Campus[1:50:05]
12 London universities discuss need for BDS on campuses. Speakers include Rafeef Ziadeh, Ilan Pappe, Karma Nabulsi & Mike Cushman
Love Letters to Gaza[31:08]
A unique theatrical event using personal messages of love, support and hope from people of all ages and all walks of life to the people of Gaza.
John Pilger[7:55]
journalist and documentary maker
Antiwar Mass Assembly 8 Oct 2011
Julian Assange[7:07]
founder of WikiLeaks
Antiwar Mass Assembly 8 Oct 2011
Lauren Booth, Sami Ramadani & Yvonne Ridley[6:28]
Reading the names of the dead
Antiwar Mass Assembly 8 Oct 2011
George Galloway[6:39]
Antiwar Mass Assembly 8 Oct 2011
Jemima Khan[8:42]
Antiwar Mass Assembly 8 Oct 2011
Why Boycott Marks & Spencer 2011?[23:29]
Demo outside M&S Oxford Street(24 Sept 2011)
Sean Clinton[4:59]
Israeli Blood Diamonds Campaign
Al Quds Day rally, Trafalgar Square (31 Aug 2011)
Lauren Booth[5:24]
Al Quds Day rally, Trafalgar Square (31 Aug 2011)
Lauren Booth - Prayer for Gaza[2:46]
Al Quds Day rally, Trafalgar Square (31 Aug 2011)
Benny Morris - Historian or Racist?[34:07]
Activists oppose visit of racist Israeli historian Benny Morris who justifies ethnic cleansing and genocide.
Is Israel applying apartheid?[2:12:56]
Speakers: Yael Kahn, Jody McIntyre and Ghada Karmi (5 May 2011)
Karen Mitchell[48:27]
Partner at Thompsons Solicitors
Life changing visit to Palestine in 2008 (21 Feb 2011)
Ramzy Baroud[1:59:32]
Editor-in-chief of the Palestine Chronicle
"My Father Was A Freedom Fighter - Gaza's Untold Story" (25 Mar 2011)
Women United in the Intifada[2:31:36]
Speakers: Lizzie Cocker, Ewa Jasiewcz, Alaa Kassim, Yvonney Ridley, Isis Amlak, Sukant Chandan, Ramzy Baroud (14 Mar 2011)
George Galloway[1:01:48]
Solidarity with the Middle-East Revolution, support the people - oppose US/UK intervention (SOAS, 11 Mar 2011)
Omar Barghouti[55:08]
BDS Movement co-founder
"Boycott, Divestment, Sanctions" book launch (7 Mar 2011)
Shir Hever[1:49:09]
Alternative Information Centre
The Political Economy of Israel's Occupation, Kings College London (17 Feb 2011)
Why academic boycott of Israel[1:29:37]
Speakers: Mohammed Abuabdou(PSCABI), Mike Cushman(BRICUP), Jodey McIntyre(activist) (8 Feb 2011)
Dashed Hopes - Gaza Blockade[1:23:08]
Mohammed-Ali Abu Najela (Oxfam), Andrea Becker (MAP), Ewa Jasiewicz (Free Gaza Movement) (1 Feb 2011)
Jordan Valley: Apartheid[1:17:12]
Sarah Cobham(Brighton Jordan Valley Solidarity), Chris Osmond (Corporate Watch) (House of Commons, 1 Feb 2011)
Dump Veolia Demo[7:00]
Protesting at settlement supporter Veolia's sponsership of exhibit at the Natural History Museum (23 Oct 2010)
Boycott Israeli Dates [1/2][9:11]
Are you financing Israels brutal occupation this Ramadan?
Boycott Israeli Dates [2/2][9:05]
Are you financing Israels brutal occupation this Ramadan?
Lee Jasper [1/2][10:13]
[4 of 8] Genocide Memorial Day 2010 Session One, 17-1-2010
Lee Jasper [2/2][9:51]
[5 of 8] Genocide Memorial Day 2010 Session One, 17-1-2010
One Oppressor One Bullet[8:11]
Imam Achmad Cassiem, veteran of the armed struggle against apartheid in South Africa, speaks at the StW rally (London, 19 Feb 2005)
Salwa Alenat [1/2][9:56]
KavLaOved (Workers Rights hotline)
[1 of 8] Israel's Occupation - Abuse of Palestinian Workers (LSE 19 Nov 2009)
Salwa Alenat [2/2][8:57]
KavLaOved (Workers Rights hotline)
[2 of 8] Israel's Occupation - Abuse of Palestinian Workers (LSE 19 Nov 2009)
For Anwar [1of2][10:01]
Carmel Agrexco Valentines Action 7 Feb 2009
For Anwar [2of2][9:56]
Carmel Agrexco Valentines Action 7 Feb 2009
big
[all videos (over 200)..]
Featured MP3 Podcast

"For most journalists, whether they realize it or not, are groomed to be tribunes of an ideology that regards itself as non-ideological, that presents itself as the natural center, the very fulcrum of modern life. This may very well be the most powerful and dangerous ideology we have ever known because it is open-ended. This is liberalism."
Campaigning Journalist and Film-maker
Socialism 2007 Conference, Chicago [43min / 21Mb]
[need flash]

[all podcasts..]
Newsletter
To subscribe
enter your email:

COPY VERIFICATION CODEcopy this code —>
Feedback
If you wish to comment on this page:

(all fields optional)



COPY VERIFICATION CODEcopy this code —>
The opinions expressed on this site, unless otherwise stated, are those of the authors.
All logos & trademarks are the property of their respective owners and their use is covered under 'fair use' policy.
Copyright © 1998-2012 Innovative Minds www.inminds.com All Rights Reserved.
The opinions expressed on this site, unless otherwise stated, are those of the authors.
All logos & trademarks are the property of their respective owners and their use is covered under 'fair use' policy.
Copyright © 1998-2012 Innovative Minds www.inminds.com All Rights Reserved.