KLP says it will no longer invest in US industrial group Caterpillar, citing concerns that the company’s equipment may be used by Israel in its genocidal war on Gaza.

Norway’s largest pension fund has announced that it will no longer invest in US industrial group Caterpillar, citing concerns that the company’s equipment is used by Israel in its genocidal war on the besieged Gaza Strip.

The Oslo-based KLP made the announcement on Wednesday, saying the decision to divest from Caterpillar was made due to the risk that the manufacturer’s bulldozers and other heavy machinery may be contributing to human rights violations in Gaza and the occupied West Bank.

Kiran Aziz, the firm’s asset manager, said KLP sold shares and bonds worth 728 million kronor ($69 million) earlier this month prior to the decision to divest its stake.