2018 Press Release
New Report Launched Today: Massive $81B Increase in Investment in Nuclear Weapons to Fuel Escalation in Nuclear Posturing; 20 Companies and Their Investors Set to Reap Rewards of New Arms Race
Nobel Peace Prize Laureate ICAN (International Campaign to Abolish Nuclear Weapons) and PAX today released the 2018 ‘Don’t Bank on the Bomb’ Report, which found a massive increase of USD 81 billion in new investment in 2017 compared to 2016. The report shows 20 companies in particular stand to profit the most from the increase in nuclear threats.
The 2018 Don’t Bank on the Bomb Report found:
- A total of USD 525 billion (an increase of USD 81 billion) was made available to the nuclear weapon producing companies, of which USD 110 billion came from just three companies: BlackRock, Vanguard and Capital Group
- 329 banks, insurance companies, pension funds and asset managers from 24 countries invest significantly in nuclear weapons
- The top 20 nuclear weapon producing companies stand to benefit the most from this increased nuclear threat, most of which have dedicated significant lobbying resources in Washington DC
- On a positive note, since the adoption of the UN Treaty on the Prohibition of Nuclear Weapons 30 companies have ceased investing in nuclear weapons.
- Two of the top five largest pension funds in the world are divesting from nuclear weapons.
“If you have been wondering who benefits from Donald Trump’s threats of nuclear war, this Report has that answer,” said ICAN Executive Director Beatrice Fihn. “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.”
“A new nuclear arms race has moved the Doomsday Clock closer to armageddon, but it has also started a new nuclear gold rush for those wanting to cash in on mass destruction,” said Ms Fihn.
While this Report found a massive increase of investment in mass destruction, it also profiles 63 financial institutions with policies limiting or prohibiting investment in any type of nuclear weapon producer.
Susi Snyder, of PAX and co-author of the Report highlighted the positive findings: “The nuclear ban Treaty has created a movement towards divestment, reflected in the reduction in the number of companies investing in nuclear weapons, 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.”
AVAILABLE FOR INTERVIEW:
Susi Snyder, Report author, PAX
Beatrice Fihn, Executive Director, ICAN
CONTACT: snyder@paxforpeace.nl
About PAX: PAX works together with committed citizens and partners to protect civilians against acts of war, to end armed violence, and to build a just peace. More information about ICAN can be found at: www.paxforpeace.nl
About ICAN: The International Campaign to Abolish Nuclear Weapons (ICAN) is a coalition of non-governmental organizations in one hundred countries promoting adherence to and implementation of the United Nations nuclear weapon ban treaty. This landmark global agreement was adopted in New York on 7 July 2017. The campaign was awarded the Nobel Peace Prize 2017, for their “groundbreaking efforts to achieve a treaty-based prohibition” of nuclear weapons. More information about ICAN can be found at: www.ICANw.org
[toggle title=”2016 Press Release”]
[/toggle][toggle title=”2015 Press Release and Coverage”]Huffington Post 4 April 2016
Privatizing the apocalypse, Le Monde Diplomatique, 22 September 2015
Privatizing the Apocalypse: How Nuclear Weapons Companies Gobble Up Your Tax Dollars, alternet, 22 September 2015
[/toggle][toggle title=”2014 Press Release and Coverage”]Press Release announcing the 2014 Report Findings.
Coverage of the 2014 Report includes:
- IPS Honours Crusader for Nuclear Abolition: http://www.ipsnews.net/2014/11/ips-honours-crusader-for-nuclear-abolition/
- Independent European Daily Express: http://www.iede.co.uk/news/2014_5623/opinion-clock-ticking-nuclear-disarmament
- Transcend Media: https://www.transcend.org/tms/2014/11/financial-sector-invests-over-us-402-billion-in-nuclear-weapons-producers/
- Before its news: http://beforeitsnews.com/alternative/2014/11/tell-your-bank-not-to-invest-in-nuclear-weapons-3065300.html
Press Release announcing the 2013 Report Launch.
Some coverage of the 2013 Report:
Belgium
- De Morgen http://www.demorgen.be/dm/nl/6779/Kernenergie/article/detail/1720201/2013/10/10/Duurzame-bank-KBC-investeert-in-nucleaire-wapens.dhtml
- De Wereld Morgen http://www.dewereldmorgen.be/artikels/2013/10/10/kbc-bank-investeert-in-kernwapens
- 4 traders: http://www.4-traders.com/KBC-GROEP-5967/news/KBC-GROEP–KBC-responds-to-articles-about-involvement-in-financing-nuclear-arms-production-17342714/
Canada
- Embassy News http://www.embassynews.ca/news/2013/10/10/report-claims-canadian-link-to-nuclear-weapons-financing/44611
- Asset International Chief Investment Officer http://www.ai-cio.com/channel/ASSET_ALLOCATION/Pensions_and_Asset_Managers_Blasted_for_Nuclear_Weapon_Investments.html
Finland
Germany
- Print
- http://www.dradiowissen.de/nachrichten.59.de.html?drn:news_id=273401
- Finanzen.net http://www.finanzen.net/nachricht/aktien/neues-deutschland-Banken-finanzieren-Ruestung-Gefaehrliches-Geschaeft-2707074
- Berliner Zeitung http://www.berliner-zeitung.de/wirtschaft/don-t-bank-on-the-bomb-acht-deutsche-banken-finanzieren-atomwaffen,10808230,24585972.html
- Zeit http://www.zeit.de/wirtschaft/unternehmen/2013-10/atomwaffenindustrie-deutsche-bank-commerzbank
- NGO-online http://www.ngo-online.de/2013/10/10/deutsche-banken-atomwaffenhersteller/
- BundesPressePortal http://bundespresseportal.de/bayern/item/16610-ican-bericht-bayernlb-finanziert-atomwaffenproduzenten-gr%C3%BCne-stellen-anfrage.html
- Deutsche- Wirtschafts- Nachrichten http://deutsche-wirtschafts-nachrichten.de/2013/10/11/banken-investieren-in-atomwaffen-unternehmen/
- Handelsblatt http://www.handelsblatt.com/unternehmen/banken/friedensstudie-deutsche-banken-finanzieren-atomwaffen-bauer/8914258.html
- Taz http://www.taz.de/Studie-zu-Investitionen-in-Atomwaffen/!125276/
- United Mutations http://www.united-mutations.org/?p=86604
- Die Welt http://www.welt.de/newsticker/news2/article120793067/Studie-Acht-deutsche-Banken-finanzieren-Atomwaffen-Hersteller.html
- N24 http://www.n24.de/n24/Nachrichten/Wirtschaft/d/3651256/deutsche-banken-finanzieren-hersteller-von-atomwaffen.html
- Neues Detschland http://www.neues-deutschland.de/artikel/835659.deutschland-gibt-bombengeld.html
- Radio
-
- http://www.dradio.de/dlf/sendungen/wirtschaftundgesellschaft/2282344/
- http://lora924.de à http://lora924.de/?page_id=7776 (erstes Interview, 1:50 – 8:50; Sendung vom vergangenen Freitag, 10.10.2013, LORA Magazin)
- Online News
- http://www.88news.de/das-geschaeft-mit-der-massenvernichtung-investitionen-deutscher-banken-in-atomwaffenhersteller-959594.html/
- http://www.deutsch-tuerkische-nachrichten.de/2013/10/491235/investition-in-atomwaffen-unternehmen-acht-deutsche-banken-mischen-mit/
- http://www.die-anstifter.de/2013/10/ippnw-investitionen-deutscher-banken-in-atomwaffenhersteller/
- http://www.firmenpresse.de/pressinfo959594/das-geschaeft-mit-der-massenvernichtung-investitionen-deutscher-banken-in-atomwaffenhersteller.html
- http://www.hannover-zeitung.net/aktuell/vermischtes/47217624-kfw-f%C3%B6rderbank-unterst%C3%BCtzt-atombombenbauer-mit-124-millionen
- http://www.internet-intelligenz.de/artikel/959594/das-geschaeft-mit-der-massenvernichtung-investitionen-deutscher-banken-in-atomwaffenhersteller.html
- http://www.lifepr.de/inaktiv/urgewald-ev/Das-Geschaeft-mit-der-Massenvernichtung-Investitionen-deutscher-Banken-in-Atomwaffenhersteller/boxid/445928
- http://www.lokalkompass.de/dortmund-sued/politik/das-geschaeft-mit-der-massenvernichtung-investitionen-deutscher-banken-in-atomwaffenhersteller-deutsche-bank-wie-ueblich-branchenprimus-d353305.html
- http://www.mittelstandcafe.de/das-geschaeft-mit-der-massenvernichtung-investitionen-deutscher-banken-in-atomwaffenhersteller-959594.html/
- http://www.nachrichtenportal.com/2013/10/10/ruestung-deutsche-banken-investieren-milliarden-in-atomwaffenhersteller/?utm_source=rss&utm_medium=rss&utm_campaign=ruestung-deutsche-banken-investieren-milliarden-in-atomwaffenhersteller
- http://www.ngo-online.de/2013/10/10/deutsche-banken-atomwaffenhersteller/
- http://www.openbroadcast.de/article/310451/das-geschaeft-mit-der-massenvernichtung-investitionen-deutscher-banken-in-atomwaffenhersteller.html
- http://www.pressrelations.de/new/standard/result_main.cfm?r=546951&aktion=jour_pm&quelle=1
- http://www.shortnews.de/id/1055256/studie-deutsche-banken-investieren-in-atomwaffenindustrie
Italy
- il Fatto quotidiano: http://www.ilfattoquotidiano.it/2013/10/10/armi-e-finanza-intesa-e-unicredit-tra-banche-nucleari/738419/
- Repubblica http://www.repubblica.it/solidarieta/equo-e-solidale/2013/10/11/news/banche_e_nucleare_i_grandi_finanziatori_di_armi_nucleari-68375139/?ref=HREC1-12
Sweden
- Veckens Affarer http://www.va.se/nyheter/de-har-svenska-storbankerna-lagger-miljarder-pa-karnvapen-560651
- DN http://www.dn.se/ekonomi/nordea-och-seb-andrar-sina-regler/
- Nya Dagbladet http://nyadagbladet.se/ekonomi/svenska-banker-lanar-pengar-till-karnvapentillverkning/
- Sverigse Radio http://sverigesradio.se/sida/artikel.aspx?programid=83&artikel=5671334
- The Local http://www.thelocal.se/50712/20131010/
Netherlands
- Volkskrant http://www.volkskrant.nl/vk/nl/2680/Economie/article/detail/3524797/2013/10/10/Banken-voor-miljarden-in-kernwapenproductie.dhtml
- NU.nl http://www.nu.nl/economie/3598263/banken-miljarden-in-kernwapenproductie.html
- BNR Nieuwsradio http://www.bnr.nl/?player=archief&fragment=20131010164100300
- Krapuul http://www.krapuul.nl/overig/nieuws/126030/zorg-welzijn-investeren-bom/#sthash.w0X14IX9.dpbs
- Radio 1: http://www.tros.nl/tros-radio-tips/nieuwsshow/nieuwsshow-uitzendingen/item/?tx_trosradio[itemid]=160835&cHash=7341f559da88b59e66a2f0eb61c86bf5
New Zealand
- Scoop.co.nz http://www.scoop.co.nz/stories/PO1310/S00113/nz-super-fund-in-dont-bank-on-the-bomb-hall-of-fame.htm
Norway
- NRK TV http://tv.nrk.no/serie/dagsrevyen/nnfa19101013/10-10-2013#t=19m18s
- NRK. nohttp://www.nrk.no/ytring/bruk-pengevapenet_-1.11290471
- Faedrelandsvennen http://www.fvn.no/nyheter/utenriks/Oljefondet-pa-listen-over-atomverstinger-2486913.html#.UlfIfhbQxSo
United Kingdom
- Ekklesia http://www.ekklesia.co.uk/node/19195
Blogs
- ICAN http://www.icanw.org/campaign-news/why-a-treaty-banning-nuclear-weapons-rewards-ethical-investors/
- WILPF International http://www.wilpfinternational.org/how-many-of-us-unwittingly-finance-nuclear-weapons/
- IPPNW Germany http://www.ippnw.de/presse/presse-2013/artikel/dc45221116/das-geschaeft-mit-der-massenvernicht.html
- Transcend Media Service http://www.transcend.org/tms/2013/10/2013-dont-bank-on-the-bomb-report/