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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[–] ShinkanTrain@lemmy.ml 53 points 1 month ago

I think if you can ignore ethics rules at your convenience, I think they're more like ethics suggestions

[–] DarrinBrunner@lemmy.world 37 points 1 month ago

Ethical while convenient, but mostly just for votes.

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

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

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

like water and rabies

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

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

AhhhhhThank you, thank you verrrrry much:)

[–] expatriado@lemmy.world 25 points 1 month ago* (last edited 1 month ago) (2 children)

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

[–] pulsewidth@lemmy.world 9 points 1 month ago

Yeah I hope this bites them.

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

[–] khepri@lemmy.world 10 points 1 month 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."