Danish pensions giant dumps German firm over West Bank exploitation

Charlotte Silver, Electronic Intifada, 15 December 2015

The largest private pension and insurance fund in Denmark has divested from a German company because it is involved in exploiting natural resources in the Israeli-occupied West Bank.

PFA Pension, which holds $50 billion in assets, announced that it is dumping the shares of HeidelbergCement because it “does not wish to contribute to any illegal activities in relation to the occupation of the West Bank.”

PFA said it had spent the year examining the issue in the context of international law and concluded it should exclude HeidelbergCement from its portfolio.

“HeidelbergCement is involved in the extraction of natural resources in a way that is incompatible with PFA’s policy for responsible investments,” the fund said.

PFA’s exclusion list defines HeidelbergCement’s activities as a “violation of basic human rights.”

HeidelbergCement, one of the largest construction materials companies in the world, owns three cement plants and one quarry in the occupied West Bank through its subsidiary Hanson Israel, which it acquired in 2007.

HeidelbergCement joins a number of other companies on PFA’s exclusion list. Most, including Israel’s Elbit Systems, are weapons manufacturers.

There are currently nine Israeli-operated quarries in the occupied West Bank, according to Who Profits.

In 2011, the occupation watchdog group found that 94 percent of the mined materials are transferred to present-day Israel, and a portion of the profits are allocated to the Civil Administration, the name Israel gives its occupation bureaucracy.

PFA Pension is the second European pension fund to divest from HeidelbergCement due to its exploitation of Palestinian resources.

In June, KLP, Norway’s largest pension fund, divested from HeidelbergCement and Cemex, a Mexican firm that owned shares in a quarry in the West Bank.

In response to mounting international pressure, Cemex sold its stake in the company in October, though it still maintains factories in Israeli settlements.

HeidelbergCement defended its subsidiary in response to KLP’s divestment.

Arguing that its Nahal Raba quarry, first opened in 1986, is on “public land,” HeidelbergCement claimed the activity was “compatible” with international law.

The Palestinian human rights group Al-Haq says that exploitation of Palestinian resources under the cover of Israeli occupation constitutes the international crime of pillage regardless of who owns the land.

In 2011, in defiance of international law, Israel’s high court ruled that the quarries were legal, arguing that they benefited the indigenious Palestinian population by providing jobs and funding the administration of the occupation.

HeidelbergCement also claimed its quarry “produces substantial advantages for the local Palestinian population.”

PFA Pension is the latest investor to reject such claims that profit-driven business can mitigate Israel’s military occupation and illegal colonization of Palestinian land.

532 comments

  1. Cada día, muchas personas de todo el mundo hacen apuestas en los casinos en línea https://all-slots-casino.guru/ y en las casas de apuestas, y atrapan su suerte en las loterías. Los internautas buscan sitios seguros de videotragamonedas y apuestas deportivas, tratan de entender las reglas de los casinos, se hacen preguntas sobre las bonificaciones y comparten consejos para conseguir un gran botín. Hasta ahora, no había ningún lugar en Internet para estas personas. Ahora ha surgido un sitio web de este tipo. Portal de información y entretenimiento creado para unir a los aficionados al juego

  2. Fantastic goods from you, man. I’ve take into account your stuff previous to and you’re just too wonderful.
    I really like what you’ve acquired right here, really like what you are saying and the best
    way by which you say it. You make it enjoyable and you continue to take care of to keep it smart.
    I cant wait to read far more from you. That is actually a tremendous site.

  3. I’ve been surfing on-line more than 3 hours nowadays, yet I never found any interesting article like yours.
    It is pretty worth enough for me. In my view, if all web owners and bloggers
    made just right content as you probably did, the net
    will probably be a lot more helpful than ever before.

  4. [url=https://sildenafil2023.online/]generic viagra in mexico[/url] [url=https://finasteride.pics/]finasteride 1 mg online[/url] [url=https://cephalexintabs.monster/]keflex discount[/url] [url=https://zovirax.lol/]cost of acyclovir 800 mg[/url] [url=https://anafranil.cyou/]anafranil over the counter[/url] [url=https://zithromaxtabs.com/]where can i find azithromycin[/url]

  5. [url=http://malegratabs.com/]malegra dxt without prescription[/url] [url=http://cialisip.com/]cialis 5 mg[/url] [url=http://buyzovirax.monster/]acyclovir prices[/url]

  6. [url=https://wellbutrin.company/]bupropion 450 mg cost[/url] [url=https://stromectola.online/]stromectol medication[/url] [url=https://glucophage.directory/]metformin where to get[/url] [url=https://lasix.charity/]lasix with no prescription[/url] [url=https://levitra2023.com/]levitra 20 mg tablets price[/url] [url=https://sildenafil2023.online/]canadian pharmacy generic viagra[/url] [url=https://singulair.foundation/]singulair montelukast[/url]

  7. [url=https://neurontinpill.com/]gabapentin 200 mg capsules[/url] [url=https://diflucan.wtf/]diflucan candida[/url] [url=https://pleasantspharmacy.com/]canadian pharmacy world[/url] [url=https://modafinil.gives/]provigil price usa[/url]

  8. [url=http://cephalexintabs.monster/]where to purchase cephalexin[/url] [url=http://finasteride.pics/]price of propecia in usa[/url] [url=http://finpecia.ink/]where can i buy propecia[/url] [url=http://anafranil.cyou/]125mg anafranil[/url] [url=http://tretinoin.charity/]tretinoin gel 0.1[/url] [url=http://glucophage.directory/]metformin over the counter uk[/url]

  9. [url=http://lisinoprilrem.online/]on line order lisinopril 20mg[/url] [url=http://toradoltab.online/]toradol cream[/url] [url=http://jjpharmacynj.com/]canada discount pharmacy[/url] [url=http://albuterolr.online/]buy ventolin inhaler without prescription[/url] [url=http://zoloft.gives/]zoloft cost[/url] [url=http://onlinepharmacy.us.org/]canadian pharmacy com[/url] [url=http://modafinil.gives/]buy modafinil paypal[/url] [url=http://lasix.foundation/]furosemide price in usa[/url]

  10. [url=http://arimidex.lol/]25mg arimidex[/url] [url=http://glucophagetabs.com/]cheap metformin online[/url] [url=http://plavix.best/]plavix price in india[/url] [url=http://erythromycintabs.quest/]erythromycin 5 mg[/url]

  11. [url=https://propranolola.online/]inderal price[/url] [url=https://cialisa.online/]cialis soft tabs uk[/url] [url=https://accutane.gives/]roaccutane isotretinoin[/url] [url=https://disulfiram.ink/]buy cheap antabuse[/url] [url=https://propranolol.ink/]inderal order uk[/url]

  12. [url=https://lioresalbaclofen.online/]430 mg baclofen[/url] [url=https://cytotec.click/]misoprostol generic brand[/url] [url=https://prozac.company/]fluoxetine 20 mg australia[/url] [url=https://dapoxetinetabs.monster/]where can i get dapoxetine[/url]

  13. Have you ever considered writing an e-book or guest authoring
    on other blogs? I have a blog based on the same ideas you discuss and would love to have you share some stories/information.
    I know my viewers would appreciate your work. If you are even remotely interested, feel free to send me an e-mail.

  14. [url=https://gabapentin.men/]neurontin from canada[/url] [url=https://diclofenactab.online/]diclofenac 1.16 gel price[/url] [url=https://paxil.company/]paxil generic cost[/url] [url=https://baclofentabs.quest/]buy lioresal online[/url] [url=https://sumycintetracycline.online/]tetracycline cream over the counter[/url] [url=https://dexamethasone247.com/]where can you buy dexamethasone[/url] [url=https://erythromycin.icu/]erythromycin 500 mg tablet price[/url]

  15. [url=https://fluoxetine.company/]order prozac online[/url] [url=https://finpecia.company/]propecia singapore price[/url] [url=https://nationalpharmacygroup.net/]pharmacy website india[/url] [url=https://thebarepharmacy.com/]canada rx pharmacy[/url] [url=https://diclofenactab.online/]voltaren gel generic brand[/url]

  16. [url=http://acyclovir.wtf/]acyclovir 200 mg tablets[/url] [url=http://wellbutrin.directory/]zyban prescription online[/url] [url=http://paxil.company/]paxil hair loss[/url] [url=http://finpecia.company/]propecia buy online cheap[/url] [url=http://cymbalta.digital/]cymbalta drug[/url] [url=http://nationalpharmacygroup.net/]canada rx pharmacy world[/url] [url=http://phenergan.lol/]phenergan 25mg otc[/url]

  17. [url=https://orlistat.cyou/]xenical diet pills[/url] [url=https://buycytotec.life/]where to buy cytotec over the counter in singapore[/url] [url=https://levitra.ink/]vardenafil 20mg tablets[/url] [url=https://trazodone.gives/]desyrel tablet[/url]

  18. Hi! I realize this is kind of off-topic however I needed to ask.
    Does managing a well-established website such as yours take a lot of work?

    I am brand new to blogging however I do write in my journal on a daily basis.
    I’d like to start a blog so I can easily share my experience and feelings online.
    Please let me know if you have any kind of recommendations or tips for brand new aspiring bloggers.
    Thankyou!

  19. [url=https://wellbutrin.directory/]buy zyban online no rx[/url] [url=https://cymbalta.digital/]cymbalta 20 mg canada[/url] [url=https://gabapentinx.com/]neurontin 300 mg price[/url]

  20. [url=https://dexamethasone.pics/]dexona tablet online[/url] [url=https://celexatabs.com/]citalopram hbr 10 mg tablets[/url] [url=https://phenergan.lol/]phenergan 25mg tablets buy[/url] [url=https://fluoxetines.com/]prozac from canada[/url] [url=https://allopurinolf.online/]allopurinol 300 mg for sale[/url]

  21. [url=http://dexamethasone247.com/]dexamethasone canada[/url] [url=http://paxil.company/]paxil xr[/url] [url=http://sumycintetracycline.online/]tetracycline 500mg brand name[/url]

  22. [url=https://gabapentinx.shop/]gabapentin 900 mg tablet[/url] [url=https://erythromycin.icu/]buy erythromycin 500mg[/url] [url=https://fluoxetine.company/]fluoxetine brand in india[/url] [url=https://trazodone.gives/]trazodone 150mg[/url] [url=https://fluoxetines.com/]prozac 20 mg tablet[/url] [url=https://kamagra.foundation/]kamagra oral jelly buy in india[/url] [url=https://zoloft.charity/]buying zoloft online[/url]

  23. This is really interesting, You’re a very skilled blogger. I’ve joined your feed and look forward to seeking more of your magnificent post. Also, I’ve shared your site in my social networks!

  24. Hi there this is kind of of off topic but
    I was wanting to know if blogs use WYSIWYG editors or if you have to manually code
    with HTML. I’m starting a blog soon but have no coding experience so I
    wanted to get advice from someone with experience. Any help would be greatly appreciated!

  25. First off I would like to say superb blog! I had a quick question which I’d like to ask
    if you don’t mind. I was curious to know how you center
    yourself and clear your head before writing. I’ve had trouble clearing my mind in getting my thoughts out.
    I truly do enjoy writing however it just seems like
    the first 10 to 15 minutes are wasted simply just trying to figure out how to begin. Any ideas
    or tips? Thanks!

  26. Great post. I was checking continuously this blog and I’m
    impressed! Extremely helpful information specially the
    last part 🙂 I care for such information a lot.
    I was seeking this certain info for a long time. Thank you and
    good luck.

  27. obviously like your web site however you need to check the
    spelling on quite a few of your posts. Many of them are rife with spelling issues and I find it very bothersome to inform
    the reality then again I will certainly come back again.

  28. naturally like your web site however you need to take a look at the spelling on several of your posts. A number of them are rife with spelling problems and I find it very bothersome to tell the truth on the other hand I will surely come again again.

  29. You actually make it seem so easy with your presentation but
    I find this matter to be really something which
    I think I would never understand. It seems too complex and extremely broad for me.
    I’m looking forward for your next post, I will try to get the hang of it!

  30. Very nice post. I just stumbled upon your blog and wanted to say that I’ve really enjoyed browsing your blog posts. In any case I’ll be subscribing to your feed and I hope you write again soon!

  31. I agree with your point of view, your article has given me a lot of help and benefited me a lot. Thanks. Hope you continue to write such excellent articles.

  32. Very nice post. I just stumbled upon your blog and wanted to say that I’ve really enjoyed browsing your blog posts. In any case I’ll be subscribing to your feed and I hope you write again soon!

  33. Do you mind if I quote a couple of your articles as long asI provide credit and sources back to your website?My blog site is in the very same niche as yours and my users would certainly benefit from some of the information you present here.Please let me know if this okay with you. Thanks!

  34. I have read your article carefully and I agree with you very much. This has provided a great help for my thesis writing, and I will seriously improve it. However, I don’t know much about a certain place. Can you help me?

  35. I have read your article carefully and I agree with you very much. This has provided a great help for my thesis writing, and I will seriously improve it. However, I don’t know much about a certain place. Can you help me?

  36. I have read your article carefully and I agree with you very much. This has provided a great help for my thesis writing, and I will seriously improve it. However, I don’t know much about a certain place. Can you help me?

  37. I have read your article carefully and I agree with you very much. This has provided a great help for my thesis writing, and I will seriously improve it. However, I don’t know much about a certain place. Can you help me?

  38. Cool. I spent a long time looking for relevant content and found that your article gave me new ideas, which is very helpful for my research. I think my thesis can be completed more smoothly. Thank you.

  39. Try to slowly read the articles on this website, don’t just comment, I think the posts on this page are very helpful, because I understand the intent of the author of this article.

  40. I am currently perfecting my thesis on gate.oi, and I found your article, thank you very much, your article gave me a lot of different ideas. But I have some questions, can you help me answer them?

  41. Do you mind if I quote a couple of your articles as long asI provide credit and sources back to your website?My blog site is in the very same niche as yours and my users would certainly benefit from some of the information you present here.Please let me know if this okay with you. Thanks!

  42. Hey there! This is kind of off topic but I need some advice from an established blog.
    Is it very difficult to set up your own blog? I’m not very
    techincal but I can figure things out pretty fast. I’m thinking about setting up my own but I’m not sure where to begin. Do you have any points or suggestions?
    Appreciate it

  43. Reading your article has greatly helped me, and I agree with you. But I still have some questions. Can you help me? I will pay attention to your answer. thank you.

  44. Today, I went to the beachfront with my children. I found a
    sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her
    ear and screamed. There was a hermit crab inside and it pinched
    her ear. She never wants to go back! LoL I know this is entirely off topic but I had to tell someone!

  45. Please let me know if you’re looking for a article writer for your
    site. You have some really great posts and I believe I would be a good asset.
    If you ever want to take some of the load off, I’d really like to write some material
    for your blog in exchange for a link back to mine. Please shoot
    me an email if interested. Many thanks!

  46. Мы можем называть любовью отношения между мужчиной и женщиной, возникшие в связи с необходимостью
    создать семью. Также под любовью обычно понимаются родственные чувства, наблюдаемые между родителями и детьми, братьями и сестрами.
    Возможно, последний тип отношений правильнее было
    бы обозначить термином «замедленная
    нежность». Объединение людей на
    основе любви приобретает культурное значение.
    не продавая – 10 секретных способов

  47. Write more, thats all I have to say. Literally, it seems
    as though you relied on the video to make your point. You definitely
    know what youre talking about, why throw away your intelligence on just posting videos
    to your weblog when you could be giving us something enlightening to read?

Leave a Reply

Your email address will not be published.