Several multinationals benefit from the "genocide economy" that Israel is pursuing in Gaza and the West Bank

Israel has turned its colonial economic policies in Gaza and the West Bank into a "genocide economy" involving several multinationals in the technology, banking, and arms sectors, according to a report by the UN rapporteur for Palestine, Francesca Albanese.

In his 39-page report, which he will present to the UN Human Rights Council this week, he concludes that genocide in Israel "is a business for many" and that "many corporations" make a profit.

Tech giants.

In the technology sector, the report mentions multinationals like IBM , which has allowed Israel to collect and store Palestinian biometric data to maintain the exclusionary regime, or Microsoft, with technologies used in Israeli prisons and security forces operations.

Amazon and Google have participated in major database management programs for "population control," and Palantir has provided artificial intelligence used by Israeli forces for military purposes, according to the report.

Construction and machinery

the UN rapporteur also mentions in the document large companies in the construction and heavy machinery sector, such as Caterpillar, Hyundai or Volvo, for their involvement in the destruction of infrastructure and agricultural land in Gaza, as well as the construction of illegal colonies in the Palestinian territories.

Energy

In the energy sector, the report also criticizes multinationals such as Glencore in Switzerland or Drummondin the US, Israel's leading coal suppliers, or BP and Chevron oil companies.

"Through the supply of coal, gas, oil and fuel, the companies contribute to the civilian infrastructure used by Israel to consolidate the occupation, which is now used as a 'weapon' to destroy Palestinian lives in Gaza," according to the rapporteur's report.

The rest

The document also mentions Israeli companies such as food producers Tnuva and Netafim , who are accused of benefiting from occupation of Palestinian farmland, or the national water company Mekorot, which has reduced Gaza's supply by 22%.

The report accuses the shipping company Maersk or hotel booking services such as Booking or Airbnb , the latter criticized for spreading the offer in the West Bank and Jerusalem since the start of the conflict, which, according to Albanese, encourages "occupation tourism."

In the financial sector, organizations like BNP Paribas, Barclays, Allianz, Blackrock and Vanguard have "spent billions of dollars on treasury bonds and companies directly involved in the Israeli occupation and genocide."

The document also criticizes research institutions such as the prestigious Massachusetts Institute of Technology (MIT) for contributing to the development of weapons and technology funded by the Israeli Ministry of Defence.

Albanes has also reproached the European Commission's Horizon Europe programme for 'facilitating cooperation with Israeli organisations involved in apartheid and genocide'.

"The companies mentioned in the report are only part of a much deeper structure, involving companies, seeking profits and facilitating violations and crimes committed in the occupied Palestinian territory," says the Albanese report.

Investigations, punishments and compensation

For all these reasons, the Rapporteur urges the States to suspend all agreements and relations with these companies and to impose sanctions on them, while the companies themselves are required to compensate the Palestinian people by applying the same tax measures as South Africa applied to the companies that collaborated with apartheid.

It also calls for the International Criminal Court to investigate companies and senior officials of these companies for "involvement in violations of international law" and for the laundering of money obtained through these crimes.