this post was submitted on 11 Nov 2025
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cross-posted from: https://lemmy.zip/post/52851375

Norway has suspended its ethical investing rules to avoid its $2.1 trillion (€1.8 trillion) oil fund being forced to sell out of Amazon, Microsoft and Alphabet due to their work for the Israeli government, according to its influential finance minister.

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[–] DarrinBrunner@lemmy.world 36 points 1 day ago

Ethical while convenient, but mostly just for votes.

[–] BlackJerseyGiant@lemmy.world 31 points 1 day ago (1 children)

Isn't it strange how ethics and getting all Dat $$$ are like water and rabies?

[–] MalReynolds@slrpnk.net 5 points 1 day ago (1 children)

like water and rabies

Stealing that, it's gold, so you know ;}

[–] BlackJerseyGiant@lemmy.world 2 points 1 day ago

AhhhhhThank you, thank you verrrrry much:)

[–] expatriado@lemmy.world 24 points 1 day ago* (last edited 1 day ago) (2 children)

not only a bad decision from ethics point of view, but also a bad financial bet with incoming ai bubble burst

[–] maggio@discuss.tchncs.de 8 points 1 day ago

Remember that the norwegian pension fund is incredibly large, and so broadly distributed that it just follows the market itself. https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Norway Still doesn't mean they should avoid their own rules

[–] pulsewidth@lemmy.world 8 points 1 day ago

Yeah I hope this bites them.

[–] khepri@lemmy.world 10 points 1 day ago

"So obviously we don't want our national fund supporting companies that help perpetuate human rights violations, right?"

"Yeah sure but have you seen the three month chart on Dead Babies 'R' Us?"

"Oh shit yeah never mind then."