nuclear

Review prompted by Gaza action calls for Norway’s sovereign wealth fund to lift ethical risk limitations on its investments.

A government-appointed committee has called for Norway’s sovereign wealth fund to lift limitations on its investments based on ethical risks, including those regarding nuclear weapons and Israel’s genocidal war on Gaza.

In a report released on Thursday, the committee said the world’s largest sovereign wealth fund, which controls assets totalling nearly $2.3 trillion, should be allowed to invest in companies that produce nuclear weapons. With reference to Gaza, it also called for the fund to refrain from involvement in diplomatic issues.

Led by former Central Bank Governor Svein Gjedrem, the committee recommended easing the fund’s investment conditions as part of a broader overhaul that would give its manager, the central bank, greater discretion over how it addresses ethical risks.

The review was prompted in part by controversy over the fund’s disinvestment last year from United States construction giant Caterpillar. The fund said the move was prompted by Caterpillar’s purported involvement in rights violations perpetrated by Israel amid its genocidal war on Gaza and in the occupied West Bank. Washington has since pressured Oslo over the move.

“Parts of the rationale for the appointment of the Committee was the Fund’s management related to the war in Gaza,” the committee commissioned by the government said. In the report, it argued that decisions regarding “another state’s conduct” should not be made by the fund but “reserved for the ordinary diplomatic channels of the Norwegian authorities”.

The unanimous recommendations of the committee in the report, which was submitted to the Ministry of Finance, also called for a review of the fund’s exclusion of investment in companies involved in the production of nuclear weapons.

Citing Norway’s reliance on NATO’s nuclear deterrent and a worsening security environment, the report suggested that investments in companies based in the US, United Kingdom and France that are involved in the production of nuclear weapons should be allowed.

The proposals also extended to reshaping the role of the fund’s independent ethics watchdog, allowing some assessments of potential investments to remain confidential.

‘Pandora’s box’

The report has already provoked a backlash in Norway, with opposition politicians slamming the potential changes. Meanwhile, analysts suggested that weakening ethics considerations could have a wide impact.

“If the Norwegian sovereign wealth fund – often considered a global gold standard – changes its posture towards nuclear weapons, it will open Pandora’s box for many global investors to follow suit,” Lawrence Loh, director of the Centre for Governance and Sustainability at the National University of Singapore Business School, told Al Jazeera.

The committee framed the proposed change as an obligation to protect Norway’s national security, citing the country’s dependence on its allies’ nuclear umbrella.

“The global security situation has changed. Norway is building up its defence capabilities, and the protection provided by NATO’s nuclear umbrella has become increasingly important. The companies that would be reincluded produce weapons that Norway needs for its own defence”, the report argued.

Gareth Evans, former Australian foreign minister, told Al Jazeera the report was “an encouraging initiative in a world that has become alarmingly complacent about the risks of nuclear war, with every major nuclear arms control agreement dead, dying or on life support, and the longstanding taboo against threat or use eroding”.

Amid US President Donald Trump’s shake-up of NATO, European countries are increasingly looking to join France’s nuclear deterrent umbrella.

Trump said on Thursday that Washington is holding talks with Russia and China aimed at denuclearising the countries with the biggest stockpiles of nuclear weapons.

However, Loh warned that shifting the Norwegian fund’s investment conditions could encourage investment by others in nuclear companies “in scenarios different from the Norwegian’s condition of the invested companies being based in allied, nuclear-armed NATO countries”.

The U.S. government set off conventional explosives inside a tunnel deep in the Nevada desert this week in a test designed to replicate a so-called “decoupled” nuclear detonation. Data collected is now being used to help improve methods for detecting this kind of nuclear testing. Just earlier this year, American authorities accused China of using decoupling to conceal new nuclear tests despite the country’s stated moratorium on such activities.

The test, which involved the use of chemical high-explosives and radiotracers, was conducted yesterday inside P Tunnel in Area 12 of the Nevada National Security Site (NNSA), according to a press release from the National Nuclear Security Administration (NNSA). The NNSS, which is situated within the boundaries of the U.S. Air Force’s Nevada Test and Training Range (NTTR), is used for a wide variety of testing purposes today. An agency under the Department of Energy, NNSA’s main jobs are to oversee the development and production of nuclear weapons, as well as manage America’s nuclear deterrent stockpile.

“This experiment is especially focused on further enhancing the U.S. capabilities to detect a ‘decoupled’ explosion,” per NNSA’s release. “Data collected from the experiment will be used to validate scientific models and refine algorithms that are critical to U.S. nuclear explosion detection efforts.”

“Just as a stealth aircraft looks smaller on radar, decoupling can greatly muffle the signals detected by nuclear detection sensors, making a large explosion appear smaller,” the release explains. “In a conventional, or ‘coupled,’ underground nuclear test, a device is placed deep in a hole in close contact with the rock, allowing much of the explosion’s shockwave to reach sensors. In a decoupled test, by contrast, the device is detonated inside a large underground chamber, substantially reducing the explosion’s seismic signature.”

“In this experiment, researchers gathered measurements using a broad suite of advanced sensors, including accelerometers, seismometers, infrasound sensors, electromagnetic sensors, chemical and radiotracer samplers, and meteorological sensors,” it adds. ”Together, these measurements will improve scientists’ understanding of the signatures produced by underground explosions and strengthen the United States’ ability to detect and characterize nuclear explosive events.”

Overview of the NNSS

The U.S. already maintains a U.S. Atomic Energy Detection Systems (USAEDS) network, which is overseen by the U.S. Air Force Technical Applications Center (AFTAC). USAEDS is made up of more than 3,600 sensors positioned around the world. USAEDS is also tied in with the International Monitoring System (IMS), which is managed by the organization responsible for overseeing the Comprehensive Nuclear-Test-Ban Treaty (CTBT). AFTAC also supports the mission to monitor for potential nuclear testing globally using a fleet of specially configured WC-135R Constant Phoenix aircraft. In addition, those planes are used to help keep watch for unusual spikes in atmospheric radiation that could point to nuclear or radiological accidents or other incidents leading to the spread of potentially dangerous radioactive material.

Video 1: How CTBTO’s International Monitoring System works (subtitles)

With regard to the USAEDS network specifically, “once a disturbance is detected underground, underwater, in the atmosphere or in space, the event is analyzed for nuclear identification, and the findings are reported to command authorities,” according to AFTAC’s website.

As mentioned, the U.S. government has accused its Chinese counterparts of using decoupling to conceal new nuclear testing, and NNSA’s press release draws explicit attention to these allegations. At the annual Conference on Disarmament in Geneva, Switzerland, in February, Thomas DiNanno, Under Secretary of State for Arms Control and International Security, said that China had conducted at least one such test at Lop Nur on June 22, 2020. The Comprehensive Nuclear-Test-Ban Treaty Organization (CTBTO) subsequently said the IMS had not detected an event matching that description at that location on that date. For its part, the Chinese government has denied the accusation.

The social media posts below include satellite imagery showing activity at Lop Nur that could point to new nuclear testing activities in recent years.

While China is a signatory to the CTBT, the country has never ratified it. The Chinese government last acknowledged a critical-level nuclear test in 1996, after which a self-imposed moratorium was put in place, at least publicly. As an aside, the United States has also signed, but never ratified, the CTBT, and has a similar self-imposed moratorium on nuclear testing since 1992. It is worth noting that the treaty does not ban so-called sub-critical testing, which involves fissile material, but does not result in a full-fledged nuclear reaction.

Last week, The Wall Street Journal reported that the Trump administration has been holding new talks with the Chinese government regarding various aspects of the country’s massively and rapidly expanding nuclear arsenal, including the testing allegations. That story immediately preceded a state visit by China’s President Xi Jinping to Washington, D.C., to meet with Trump.

“The discussions between American and Chinese officials have centered on measures to reduce nuclear risks and haven’t been aimed at negotiating a formal arms-control pact, an effort Beijing has sharply rebuffed in the past,” according to that report. “The Trump administration has begun to highlight the possibility of implementing new verification measures.”

“Independent experts say seismic instruments might be placed on or near test sites,” The Journal‘s story also noted. “Another possibility, which was floated during the Biden administration, is to install radiation-detection equipment at test sites.”

NNSA’s announcement about the test at the Nevada National Security Site is certainly an example of the development underway already of new means of verification that could be deployed at sites around the world.

The United States has separately accused Russia of conducting lower-yield nuclear testing in secret in the past. Russia is a signatory to the CTBT and had previously ratified it. In 2023, President Vladimir Putin revoked that ratification in line with the provisions of a law passed by the country’s parliament, or Duma.

President Trump has also floated the idea of the resumption of U.S. nuclear testing in response to Russian and Chinese activities, though other U.S. officials have downplayed the possibility of doing so. The United States is otherwise in the midst of a huge nuclear modernization effort that impacts the air, sea, and land-based legs of the deterrent triad. American authorities are also now pursuing these efforts in an environment fully unbounded by relevant arms control agreements following the sunset of the New Strategic Arms Reduction Treaty (New START) earlier this year.

The Russian government has said it is ready to conduct new nuclear tests if the United States pursues this course of action. The last official nuclear test in Russia came in 1990 right before the fall of the Soviet Union.

“It takes nuclear expertise to detect nuclear activities and experiments like these [to] ensure America remains unmatched in detection,” NNSA Administrator Brandon Williams said in a statement yesterday in light of the test in Nevada. “The Trump Administration has made it clear that the United States will lead from a position of strength. You cannot evade American innovation. With this experiment, we are sending a clear message: under this administration, America will never be outmatched.” 

Contact the author: joe@twz.com

US president’s comments came after he was asked why North Korea can have nuclear weapons when Iran cannot.

United States President Donald Trump has described North Korean leader Kim Jong Un as “a friend” and played down concerns about Pyongyang’s nuclear arsenal, saying, “as long as I’m around, he’s going to be fine”.

Trump made the remarks in Washington, DC, on Tuesday after a reporter asked him why North Korea could have nuclear weapons but Iran could not.

“That’s interesting. You know why? Because you had a different president, and they could have stopped him,” he said, referring to previous US administrations.

“He happens to be a friend of mine, Kim Jong Un, he’s a friend of mine. He likes Trump, doesn’t like a lot of other people. I’m about the only person in the entire world that he likes, and I like him,” he said.

He said North Korea’s nuclear capacity was “pretty large” but “not like us”.

“You know what, as long as I’m around, he’s going to be fine,” he added. “You know why? Because he respects me and he likes me.”

South Korea’s Defence Minister Ahn Gyu-back said last week that its northern neighbour possessed between 80 and 120 nuclear warheads. The figure is significantly higher than Trump’s recent assertion that Pyongyang has 57 nuclear weapons.

Trump is seeking to re-engage with Kim and secure a win on the international stage as the US and Israel’s war on Iran enters its eighth month.

The US president launched the war along with Israel on February 28, saying Iran could not have a nuclear weapon. Iran has denied seeking a weapon, noting it had signed an agreement with world powers in 2015 that curbed its nuclear programme in exchange for sanctions relief. But Trump abandoned the agreement during his first term in 2018.

The US-Israel war on Iran has disrupted global energy supplies, raised fuel costs and hurt Trump’s popularity ahead of the November midterm elections.

Trump held summits with North Korea’s Kim in 2018 and 2019, but diplomacy broke down over US demands that Pyongyang give up its nuclear weapons. Since then, Kim has expanded his arsenal of nuclear-capable missiles and strengthened his diplomatic footprint by aligning with Russia over its war in Ukraine and tightening relations with China.

Trump had earlier said he planned to hold in-person talks with Kim before the end of the year.

But North Korea has not formally committed to such a meeting.