"The Norwegian central bank said on Monday that it had decided to exclude Caterpillar from the fund, which it manages, 'due to an unacceptable risk that the companies contribute to serious violations of the rights of individuals in situations of war and conflict'.
"In a statement, the ethics council said that 'bulldozers manufactured by Caterpillar are being used by Israeli authorities in the widespread unlawful destruction of Palestinian property'.
"'There is no doubt that Caterpillar’s products are being used to commit extensive and systematic violations of international humanitarian law,' the council said.
"It added that Caterpillar had 'not implemented any measures to prevent such use' by Israeli authorities."