The fund said that the sale of the stakes was in response to the “extraordinary circumstances” in Gaza and the occupied West Bank. Albanese has previously found that nearly 10 percent of the fund is invested in companies she exposed as part of Israel’s “economy of occupation” in a report last month — and that the wealth fund actually increased its investment in Israeli companies by 32 percent after October 2023. Australia, for instance, on Monday became the latest wealthy western country to announce that it is planning to recognize a Palestinian state, but only contingent on the demilitarization of Gaza – a demand for Palestinians to forfeit the right to armed resistance as recognized under international law – and the ousting of Hamas from government, which is also a stated goal of Israel’s genocide.
Author: Sharon Zhang
Published at: 2025-08-11 21:28:41
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