lifted from dagen.no (again, apologies for google translation, no time to clean up, you will get the general gist of it!)

Israeli entrepreneur thrown out of the oil fund

Construction company Shikun & Binui has participated in the construction of a settlement in East Jerusalem – now they have been thrown out of the oil fund.

Hanne Kristin Pedersen

The Israeli construction company Shikun & Binui have been thrown out of the Fund of the Ministry of Finance. This followed a recommendation from the Fund’s Advisory Council on Ethics Dagens Næringsliv reports.

Settlements in East Jerusalem

The reason is that the contractor has participated in the construction of a settlement in East Jerusalem, the Finansdepartentet in a press release calling for the occupied territories, which is a violation of the treaty in the fourth Geneva Convention.

The project that resulted in the eviction, the name “Ramat Rachel Dreams” and is expected to be completed in January 2013.

Ministry of Finance has previously excluded companies Africa Israel Investments and Danya Cebus of the same cause.

- Council recommendation

- Ministry of Finance’s final decision on the exclusion is based on the Council’s recommendation. The Ministry has not independently reviewed all details of Ethical council’s recommendation but finds it is satisfied that an investment in the company represents an unacceptable risk of violation on observation and exclusion, “writes the Ministry of the message.