Overview

• Washington said it is “very troubled” by the decision and is raising the issue directly with the Norwegian government.
• Norway’s $2 trillion sovereign wealth fund sold its roughly 1.2% Caterpillar stake last week after its ethics council found Israeli authorities used the company’s bulldozers in widespread unlawful destruction and said the firm had not acted to prevent such use.
• Caterpillar has not responded to requests for comment on the exclusion.
• Senator Lindsey Graham urged retaliatory tariffs and visa revocations targeting Norway, though no U.S. policy changes have been enacted.
• Norway’s finance minister stressed that company exclusions are independent decisions by Norges Bank’s board under established guidelines and said the pension fund was not discussed in recent U.S. meetings.