|
2010-03-30 Europe
|
|
Sweden pension giant shuns Israeli arms maker
|
[Al Arabiya Latest] 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 pension 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 kilometers (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 a spokeswoman, said that Grupo Ferrovial, PetroChina, Thales and Yahoo had successfully addressed its concerns about ethics violations. 
|
Posted by Fred 2010-03-30 00:00||
||
Front Page|| [11131 views ]
Top
|
|
Posted by g(r)omgoru 2010-03-30 02:38||
2010-03-30 02:38||
Front Page
Top
|
|
Posted by Besoeker 2010-03-30 07:07||
2010-03-30 07:07||
Front Page
Top
|
|
13:12 Regular joe
13:12 mossomo
13:11 swksvolFF
13:08 Abu Uluque
13:00 swksvolFF
12:59 Regular joe
12:55 Skidmark
12:53 Skidmark
12:52 Abu Uluque
12:50 Abu Uluque
12:49 Skidmark
12:48 NN2N1
12:46 Skidmark
12:44 Bobby
12:43 Abu Uluque
12:41 Bobby
12:38 Skidmark
12:31 swksvolFF
12:30 Skidmark
12:22 Abu Uluque
12:19 Abu Uluque
12:17 Abu Uluque
12:17 Skidmark
12:15 Abu Uluque
|
