Danish pension funds are indirectly investing billions in firms involved in settlements that have been declared illegal by the United States and United Nations, it has come to light.
The Copenhagen Post reports that illegal Israeli settlements on the West Bank and in East Jerusalem are benefiting from billions of Danish kroner, unbeknownst to account owners.
An estimated DKK 2 billion has been invested by sizeable Danish pension schemes such as PKA, Danica Pension, PensionDanmark and Nordea Liv & Pension. These monies have been used to subsidise a variety of companies involved in construction, machinery and housing assistance to settlements that Denmark itself also considers illegal.
“These companies are making money on the occupation of Palestine. It must stop,” spokesperson for Israeli peace organisation Who Profits, Merav Amir says.
Per Stig Moller, the Danish Foreign Minister, stated that his government should not be involved in the regulation of business practices undertaken by individual companies. Denmark is one of the world’s leading major aid donors with its official website stating that development assistance constitutes around 0.8 percent of its GNP.
The revelations have led Nordea and Danica to reconsider their existing arrangements, although both PensionDanmark and PKA have no concerns with the issue. “It isn’t PKA’s role to conduct foreign policy,” said the company in a statement.
Others, such as University of Southern Denmark’s Centre for Middle East Studies researcher Helle Lykke Nielsen have claimed they would be transferring their pension savings, “just as I would if I found out my pension fund was investing in companies making profits from child labour or trading weapons”.
Hi there,
This goes to show that a country with more Cows in it than human beings has somehow been infected by the associated Mad Cows Disease… Totally brain dead and humanity dead and anything that has any relation whatsoever to the meaning of transparency as, a government or even their so called democracy that can’t in reality exists as, it does not have adequate number of humans to give it such legal standing or such recognition within the respected nations.
If such action was morally accepted ! or internationally recognized by UN or the so called world community ! it would of been done out-there in public. But, neither of them had done the Palestinians much good anyway.
How funny, when such a little spot on the face of this plant/being Denmark tries to gain such recognition by capitalizing on simply the poorest nations of this world. The people of Palestine have been fighting cruel occupation and terrorist state sponsored by total inhuman and completely bankrupt minds of nations such as Britain and the US too.
What else to say. One thing you guys got to be sure of … You may dance in the dark for as long as you can dance … No one will ever see you or even notice.
If there is such legal system or fair constitution in Denmark !!! it should immediately put a stop to these actions as, it harms innocent people and it is completely illegal. Time will tell and time will never heal such action if it is not been stopped.
Thank you,
Dr. Thomma
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Most of our money is indirectly linked to Zionist expansion in some way or another. Indignation is proportional to how direct and explicit each link is.