Norway wealth fund excludes Caterpillar over Israel allegations

World’s largest wealth fund says it has dropped Caterpillar and five Israeli banking groups on ethics grounds

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The world’s largest wealth fund has excluded Caterpillar, the construction equipment manufacturer, over Israel’s use of its bulldozers to destroy Palestinian property in Gaza and the West Bank.

Norway’s $2tn (£1.5tn) fund said on Monday it had excluded Caterpillar and five Israeli banking groups on ethics grounds.