Nuclear Weapon Prohibition negotiations resume

This morning in New York negotiations resumed on the Convention on the Prohibition of Nuclear Weapons. The draft is a good basis for discussion, and includes strong language including on the prohibition of assisting with any making, having or using of nuclear weapons. PAX would like to see the treaty also forbid financing. Read more

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Briefing paper: Banning investment – An explicit prohibition on the financing of nuclear weapons producers

On March 27, negotiations started in the United Nations in New York on a new legally binding instrument banning nuclear weapons. PAX submitted a working paper to the conference on the issue of an explicit prohibition on financing in the new treaty.

Read the paper here!  Read more

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UN Negotiations hear: Prohibit finance of nuclear weapon producers

Susi Snyder delivered remarks to the UN Negotiations to prohibit nuclear weapons leading to their elimination. These remarks were well received, and a significant number of states called for the inclusion of a prohibition on financing of nuclear weapon producers in the core prohibitions of the new treaty. The remarks are below. Read more

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Banking on a ban: nuclear ban negotiations side event

On the opening day of the UN negotiations for a new legal instrument banning nuclear weapons, PAX and the Future of Life Institute hosted a side event on the impact a treaty banning nuclear weapons would have on nuclear-armed states. Speakers included Fabian Hamilton, Member of the UK Parliament; John Tierney (Council for a Livable World); Max Tegmark (Future of Life Institute & MIT); and Ray Acheson (Reaching Critical Will of the Women’s International League for Peace and Freedom). Read more

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KBC Responds to Don’t Bank on the Bomb

KBC, a Belgian financial institution, responded to the 2016 update of Don’t Bank on the Bomb. The response reflects on KBC’s recently updated policy around weapons- including nuclear weapons. PAX welcomes the new KBC policy and appreciates the KBC engagement around the Don’t Bank on the Bomb report. The full response can be read here, and there is more information about the investments and the producer after the jump. Read more

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2016 Don’t Bank on the Bomb

Is your bank ready for the ban?

Banks controlling over 1.7 trillion Euros are ready, with policies that strictly prohibit any investment of any type in any kind of nuclear weapon producing company. These 18 banks are profiled in the Hall of Fame of the Don’t Bank on the Bomb, 2016 edition. These Hall of Fame institutions are based in Australia, Denmark, Italy, the Netherlands, Norway, Sweden and the United Kingdom. Read more

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