In this article
The U.S. administration struck out at Norway’s $2 trillion wealth fund, saying it was “very troubled” by the recent exit from American firm Caterpillar.
In recent weeks, the Norwegian sovereign wealth fund — the largest of its kind in the world — wound down its investments in Israel and announced plans to sell its holding of American machinery manufacturer Caterpillar, amid concerns over links to the conflict in the Gaza Strip.
“We are very troubled by the Norwegian sovereign wealth fund’s decision, which appears to be based on illegitimate claims against Caterpillar and the Israeli government,” a U.S. State Department spokesperson said in a Thursday email. “We are engaging directly with the Norwegian government on this matter.”
The State Department first spoke to the Financial Times about the fund’s strategy on Wednesday.
