Israeli Telecom Stock Crosses $800 a Share, Making Norway’s Pension Fund, Led by Scooter-Riding Wokester, Look Foolish for Divesting

Government

Beyond all the moral and geopolitical reasons that divesting from Israel is a bad idea is the reality that even strictly on economic terms, the concept is a money-loser. In early December 2024, the Norwegian government pension fund announced it would divest from Bezeq, Israel’s largest telecommunications company, "due to an unacceptable risk that the company contributes to serious violations of the rights of individuals in situations of war and conflict." The Norwegian fund owned 0.76 percent