Norway's wealth fund watchdog has cleared most companies in its review of activities in the occupied Palestinian territories, stating that they meet the fund's ethical guidelines. However, a second company could face divestment after the fund pulled out of Israeli telecoms firm Bezeq in December. The Council on Ethics, the fund's watchdog, did not name the second company but stated that it had sent a recommendation for exclusion to the central bank's board. The review assessed around 65 companies in the fund's portfolio, focusing on present and future risk of ethical guideline breaches.