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A Colombian government decree said coal is used by Israel as an energy source to make weapons and other military goods.
Itochu plans to end the collaboration after the ICJ ordered Israel last month to prevent acts of genocide against Palestinians and do more to help civilians.
The Palestinian Mission to the UK welcomed the 'principled policy' of selling Israeli assets, while the pension scheme said its decisions were purely financial.
A trade union representing workers at the Royal Society of Arts said staff were 'shocked and disgusted' to learn their employer was hosting such event.