U.S. Senator questions Norway's fund divestment, Norwegian Prime Minister sends a text message to explain.

On August 29, Jin10 reported that U.S. Republican Senator Graham was furious over the Norwegian Sovereign Wealth Fund’s divestment from Caterpillar, prompting a response from the Norwegian Prime Minister, who explained that the Norwegian government does not interfere with the fund’s investment decisions. Prime Minister Støre sent a text message to Graham, who confirmed receipt. A spokesperson for the Prime Minister’s office stated that Støre outlined the fund’s authorized scope and its oversight structure in the message. The Norwegian Sovereign Wealth Fund announced this week that it had sold its shares in Caterpillar, citing Israel’s use of the company’s bulldozers to demolish Palestinian property in Gaza and the West Bank. The American senator’s reaction comes at a sensitive time for Norway, which is set to hold parliamentary elections on September 8.