Based on a recommendation from the Norwegian Council on Ethics, the Ministry of Finance instructed NBIM, Norway’s Sovereign Wealth Fund (SWF), to exclude Textron, because the company manufactures a ‘Sensor Fuzed’ weapon, a cluster bomb.
Why the sudden sell off? NBIM has traditionally excluded cluster bomb makers but with the stricter definition of cluster bombs laid out in the recently signed new international treaty banning cluster weapons signed in December 2008, Norway’s Council on Ethics decided to revisit the country’s significant ($36m) investment in Textron, which also owns plane-maker Cessna.
Textron insists that its ‘Sensor Fuzed’ weapon’s advanced technology precludes the possibility of its ordinance remaining unexploded, risk the lives and limbs of innocent civilians.
List of Norway’s SWF Excluded Companies: Link Here