ICAN are asking "Is your money being used to fund nuclear weapons?"

Posted: 7th March 2018

Is your money being used to fund nuclear weapons? That is the question ICAN and our partner PAX are asking in a new report today that shows how nuclear weapons producers rely on investments and loans from banks, hedge funds, and pension funds. Your financial institution could be using your money to fuel a new nuclear arms race.

The Don’t Bank on the Bomb report is getting major coverage in news outlets from Japan to the US and all across Europe. We need your help to spread the word and sound the alarm.

We know that the 20 nuclear weapons producers profiled in the report and major financial institutions supporting them use sophisticated media monitoring to track their reputation and gain market intelligence. They will notice if we all share one key article on Facebook.

We also know that news outlets are having less reach on Facebook, unless several people share the same article independently. We can make sure this article makes a big splash by all sharing it.SHARE

Our report shows a massive increase of USD $81 billion in new investment in 2017 compared to 2016. These investments were made in 20 private companies building nuclear weapons and a whopping $75 billion went to fund Trump’s Nuclear Doctrine alone. We are on the cusp of a dangerous new arms race, but we can use the power of our purses to stop it.

Since the adoption of the Treaty on the Prohibition of Nuclear Weapons last year, two of the five biggest pension funds in the world pledged to divest. There is also a 10% decrease in the number of financial institutions with investments overall.

The reduction in the number of investors in nuclear weapons production shows that the treaty is already working. Investors won’t be associated with making weapons designed to destroy cities and incinerate innocents. The treaty is a catalyst towards divestment, and divestment makes it clear the international community won’t tolerate nuclear weapons. Help us spread the word and demand that they don’t bank on the bomb.

CLICK HERE TO SHARE ON FACEBOOK

You can find out how your financial institution is doing on the Don’t Bank on the Bomb site.

Our campaign is having impact thanks to your support, but we have powerful forces aligned against us. Thanks for all you do to help us end nuclear weapons before they end us.

Beatrice Fihn, ICAN and Susi Snyder, PAX

PS – Don’t use Facebook? Click here to share this on Twitter.

This link to Ethical Consumer provides some clear information on which companies are involved in nuclear weapon production.

http://www.ethicalconsumer.org/latestnews/entryid/2242/dont-bank-on-the-bomb.aspx