Recently, Norway announced that a major Israeli company and a subsidiary were to be excluded from its national wealth fund’s investment list. The reasons were past activity in building settlements in the West Bank and working on construction of the Separation Barrier.
Before I go into what this means for the Boycott, Divestment and Sanctions movement (BDS), let me say I applaud this action. Continued development of industry in the settlements only entrenches their presence. It is crucial that foreign governments and corporations stop supporting that development and make it clear that settlement industries cannot expect “business as usual” and, most importantly, that those companies are not in Israel. That is a line that must be drawn clearly, in the boldest green. The message must be sent in no uncertain terms that the settlements are NOT ISRAEL!
Predictably, supporters of the BDS movement have been declaring how this incident proves their strategy is working, that their “movement” is making real progress. But that is really overstating the case.
This is, indeed, a victory for the BDS movement, but not nearly the one they will, understandably, purport. The two companies are part of the corporate group owned by billionaire Lev Leviev, who actively promotes settlement expansion. Leviev has been targeted by BDS activists spanning the spectrum from anti-occupation groups to anti-Israel ones for years. Continue reading