"Don't Bank on the Bomb" Campaign
Financial institutions from around the world invest almost 314 billion US dollar in nuclear weapons producers, IKV Pax Christi revealed on 10 October in its worldwide research "Don’t Bank on the Bomb".
A total of 298 banks, pension funds and insurance companies invest into 27 companies involved in the production, maintenance and modernization of nuclear weapons.
Depending on their investments and practices, financial institutions are divided into a global “Hall of Shame” or “Hall of Fame”. As well as a “Hall of Shame”, the report also includes examples of good company and national practice. In the “Hall of Fame” and “Runners-up” category, 32 financial institutions are credited for having policies intended to limit or even exclude their investment in nuclear weapon producers.
On 16 October, Susi Snyder of IKV Pax Christi will be in New York to speak about the "Don't Bank on the Bomb" campaign. The event – supported by Abolition 2000 NY Metro – takes place at the World Federalist-Global Policy Institute, 708 Third Ave., 24th Floor, New York (7:00-9:00 p.m.).