Norway's largest trade union, LO, is intensifying its campaign in 2025, urging the country's $1.8 trillion sovereign wealth fund to divest from companies that aid Israel in the occupied Palestinian territories [3, 4]. This call reflects growing concerns over breaches of international law and human rights [3, 4, 16].
LO, which aligns with the governing Labour Party, often influences policy beyond traditional workers' rights [3]. Deputy leader Steinar Krogstad emphasized that the fund should not invest in companies with activities in the occupied Palestinian territories, citing the ongoing situation in Gaza and the West Bank [3, 4]. Krogstad has been a vocal supporter of Palestine [27].
LO, along with 47 other organizations, sent a letter to Finance Minister Jens Stoltenberg requesting divestment from companies with unacceptable risks of complicity in violating international law [3]. They are also seeking clearer guidelines for excluding companies from the fund to ensure alignment with international law [3]. As of a recent report, the fund held stocks worth $1.5 billion across 77 Israeli companies [6]. The fund has already divested from telecoms company Bezeq [7, 10].