Norway’s sovereign wealth fund announced on Monday that it had divested from the American construction equipment manufacturer Caterpillar over Israel’s use of the company’s bulldozers in Judea and Samaria and Gaza.

With assets totaling nearly $2 trillion in 2025, the Oslo-based fund is the largest of its kind in the world. While it has already excluded more than 20 Israeli companies this year over alleged violations of international law in Jerusalem’s fight against Palestinian terrorism, this marks the first big U.S. company added to the list.

The fund also divested from five Israel banks—First International Bank of Israel, Bank Leumi Le-Israel, Mizrahi Tefahot Bank, Fibi Holdings and Bank Hapoalim. They are accused of financing construction activities “that contribute to the maintenance

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