Norway Suspends Ethics, Prioritizes Big Tech Profit Over Genocide
Norway, revered for its 'ethical' investment guidelines, has reportedly suspended its own principles. The target? Big Tech giants like Amazon, Microsoft, and Alphabet, whose 'work for Israel' – which some critics argue facilitates the ongoing violence in Gaza – would normally trigger divestment. Fund manager Nicolai Tangen, with a straight face, argues that selling these shares would 'impair
returns.' Apparently, the cost of aligning money with morality is only too high when the money is *really* big. This isn't just about Norway's balance sheet; it's a stark reminder of how 'ethics' are conveniently redefined when major corporations are implicated. While Palestinians face indiscriminate bombardment, facilitated by technologies from these very companies, the world’s 'most ethical'
fund decides profits are paramount. One might wonder if the fund's 'ethics' policy has a carve-out for 'exceptions that cost too much money.' How many mass graves does it take to finally 'impair returns' enough for ethical action?