Lindsey Graham Threatens Economic Action Against Norway Over Caterpillar Funding Withdrawal

U.S. Senator Lindsey Graham threatened economic repercussions against Norway after the country"s sovereign wealth fund withdrew investments from Caterpillar, a U.S. company that supplied machinery used in the demolition of homes in Gaza and the West Bank. Graham described Norway"s decision as "offensive" and "shortsighted," emphasizing the importance of supporting American businesses.

The Norwegian Government Pension Fund Global, one of the largest sovereign funds in the world, announced its divestment from Caterpillar in response to criticism regarding the company"s role in supplying bulldozers and diggers to Israel. This withdrawal has sparked outrage among U.S. lawmakers, particularly in light of ongoing tensions in the Middle East.

In a statement, Graham indicated that Norway"s actions could lead to a significant economic backlash, stating that the U.S. would reconsider its economic ties with the Nordic nation. He argued that withdrawing support from a company that contributes to Israel’s defense capabilities undermines U.S. interests and sends a harmful message to allies.

The situation highlights the growing tensions between U.S. lawmakers and foreign nations regarding military support and investment decisions. As previously reported, similar situations have arisen where economic measures are considered in response to political stances, raising questions about the intersection of foreign policy and global commerce.