Archive for March 6th, 2012

06/03/2012

“Don’t Bank on the Bomb”

Human Wrongs Watch

Geneva – A groundbreaking report by the International Campaign to Abolish Nuclear Weapons (ICAN) identifies more than 300 banks, pension funds, insurance companies and asset managers in 30 countries with substantial investments in nuclear arms producers.

Credit: ICAN http://www.icanw.org

The 180-page report, Don’t Bank on the Bomb: The Global Financing of Nuclear Weapons Producers, provides details of financial transactions with 20 companies that are heavily involved in the manufacture, maintenance and modernization of US, British, French and Indian nuclear forces.

Nuclear disarmament campaigners are appealing to financial institutions to stop investing in the nuclear arms industry.

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