01/07/2025
OLJEFONDET ØKTE BLODINVESTERING🩸ETTER 7. OKTOBER
The world’s largest sovereign wealth fund, the Norwegian Government Pension Fund Global (GPFG), claims it has the “world’s most comprehensive ethical guidelines”.[270] After October 2023, GPFG increased its investment in Israeli companies by 32 percent to $1.9 billion. By the end of 2024, the GPFG had $121.5 billion – 6.9 percent of its total value – invested in companies named in this report alone.[271]
Colonial endeavours and their associated genocides have historically been driven and enabled by the corporate sector. Commercial interests have contributed to the dispossession of Indigenous people and lands – a mode of domination known as “colonial racial capitalism”. The same is true of Israeli colonization of Palestinian lands, its expansion into the occupied Palestinian territory, and its institutionalization of a regime of settler-colonial apartheid. After denying Palestinian self-determination for decades, Israel is now imperilling the very existence of the Palestinian people in Palestine.
Prolonged occupation and repeated military campaigns have provided testing grounds for cutting-edge military capabilities: air defence platforms, drones, AI-powered targeting tools, and even the US-led F-35 programme. These technologies are then marketed as “battle-proven”.
The military-industrial complex has become the economic backbone of the State. Between 2020 and 2024, Israel was the eighth largest arms exporter worldwide. The two most prominent Israeli weapons companies – Elbit Systems, established as a public-private partnership and later privatized, and state-owned Israel Aerospace Industries (IAI) – are among the top 50 arms manufacturers globally. Since 2023, Elbit has cooperated closely on Israeli military operations, embedding key staff in the Ministry of Defense, and was awarded the 2024 Israeli Defense Prize. Elbit and IAI provide a critical domestic supply of weaponry, and reinforce Israel’s military alliances through arms exports and joint development of military technology.
International partnerships providing weaponry and technical support have enhanced Israel’s capacity to perpetuate apartheid and, recently, to sustain its assault on Gaza. Israel benefits from the largest-ever defence procurement programme – for the F-35 fighter jet, led by US-based Lockheed Martin, alongside at least 1600 other companies, including Italian manufacturer Leonardo S.p.A, and eight States.
A/HRC/59/23: From economy of occupation to economy of genocide – Report of the Special Rapporteur on the situation of human rights in the Palestinian territories occupied since 1967 (Advance unedited version)Francesca Albanese, an Italian human rights lawyer and the UN Special Rapporteur on the Oc...
