Norway’s Largest Pension fund Divests from US & German Firms Over Gaza War Concerns – world-today-news.com
Oslo, Norway – In a bold move signaling growing international scrutiny over the conflict in Gaza, Norway’s largest pension fund, KLP, has announced it will divest from both oshkosh Corporation (US) and ThyssenKrupp (Germany) due to concerns their equipment is being used in the ongoing war [[source]].The decision, effective June 2025, impacts approximately $2.8 million in investments.
Key Findings:
Equipment Concerns: KLP cited UN reports indicating both companies supply weapons and equipment to the Israeli military currently deployed in Gaza [[source]].
Oshkosh’s Admission: Oshkosh Corporation reportedly confirmed ongoing sales of vehicles and vehicle parts used by the israeli army in Gaza [[source]].
* ThyssenKrupp’s Deliveries: ThyssenKrupp disclosed a “long-term relationship” with the Israeli military, including the delivery of four Sa’ar 6 warships between 2020-2021 and plans for a submarine delivery later this year