Don’t Bank on the Bomb!
2018 report Don’t Bank on the Bomb now available!
Maaike Beenes, co-author, writes —
This report, produced by PAX, a member of the Nobel Peace Prize winning International Campaign to Abolish Nuclear weapons (ICAN) is the only report detailing the global investments by financial institutions in companies producing nuclear weapons.
$525 Billion invested
329 investors made $525 Billion available to nuclear weapon producing companies between January 2014 and October 2017. They assisted with share and bond issuances, owned or managed shares and bonds or outstanding loans or made credit facilities. This is a decrease in the number of investors, but an $81 billion increase in the total amount invested. Find out who invests.
Most investors are from the US, and US$110 billion came from just 3 US financial institutions: Blackrock, Vanguard and Capital Group, all from the United States.
ICAN executive director Beatrice Fihn: “If you have been wondering who benefits from Donald Trump’s threats of nuclear war, this report has that answer. These are the companies that stand to profit from indiscriminate mass murder of civilians. We grow less safe while they cash in on chaos by banking on Armageddon.”
Author of the report Susi Snyder: “The Nuclear Ban Treaty has sparked momentum towards divestment, shown by 10% fewer investors in nuclear weapon producers, and an increase in financial institutions comprehensively prohibiting any investment. Investments are not neutral, these companies should be congratulated for standing on the side of humanity.”
