White House lambasts $2 trillion Norwegian wealth fund's Caterpillar exit
1. Norway's fund sold its 1.2% stake in Caterpillar amid geopolitical concerns. 2. U.S. officials criticized the divestment as illegitimate and shortsighted. 3. The fund cited ethical guidelines due to links to Israel's military actions. 4. Norway's Finance Minister stated the fund's decisions are independent and not political. 5. Caterpillar's equipment is alleged to be involved in conflicts, raising investor scrutiny.