Investment in Nuclear Weapons Companies

Posted: 27th April 2021

Three major Scottish financial institutions — NatWest Group, Lloyds

Banking Group and Standard Life Aberdeen — invested a total of £7bn in
nuclear weapons over a two-year period. A new report, seen by The Ferret,
also reveals two Scots universities held £2.4m of investments in companies
that undertake work related to nuclear weapons, while 11 council pension
funds together had £275m invested in 20 firms in the sector. The study is
by Don’t Bank on The Bomb Scotland, a network of organisations
campaigning for banks, universities, pension funds and public bodies to
divest from companies involved in the production of nuclear weapons. It
says these organisations together held investments worth £7.2bn in nuclear
weapons producers between 2018 and 2020.

The Ferret 25th April 2021

https://theferret.scot/scots-financial-firms-invested-7bn-nuclear-weapons/

The National 25th April 2021

https://www.thenational.scot/news/19257311.revealed-billions-invested-big-business-nuclear-arms/

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