Norway’s largest pension fund KLP has said it will no longer invest in Caterpillar because of the risk that equipment sold by the US group to Israel is being used to demolish Palestinian homes and infrastructure, Reuters reports.

The maker of bulldozers and other heavy machinery may be contributing to human rights abuses and the violation of international law in Gaza and the West Bank and has thus been excluded from the portfolio, KLP said.

The fund manager held shares in Caterpillar worth 728 million Norwegian crowns ($69 million) prior to a June 17 decision to divest its stake.

While KLP had engaged in a dialogue with Caterpillar over several months, it did not receive satisfactory assurances that the company was able to reduce the risk of violating the rights of individuals, the asset manager said.