Divest from Nuclear Weapons: Don't Bank On the Bomb | Sojourners

Divest from Nuclear Weapons: Don't Bank On the Bomb

Divestment by a few institutions based on the same ethical objection can have a significant impact on a company's strategic direction.
NUCLEAR WEAPONS are unacceptable weapons. By design, they aim to cause large-scale and long-term damage not only to enemy troops but to civilians as well.

Humanity has successfully banned and eliminated less devastating weapons, but curiously we have come to live with the idea that some countries are entitled to keep nuclear weapons. Worse, we have come to accept that their production is nothing to be ashamed of and that investing in these companies is sound financial practice.

Investing in genocide is inexcusable, and it is time we tell our banks, pension funds, and insurance companies to stop financing the bomb.

To that end, the Dutch peace organization PAX, for which I’m a senior researcher, produces an annual report called Don’t Bank on the Bomb, providing a detailed overview of financial institutions that invest in companies building nuclear weapons. But the report does more: It highlights positive examples of financial institutions actively divesting from nuclear weapons producers, showing that divestment is not only a feasible strategy but also a socially responsible and ethically sound way to watch over the money of clients. Divesting from nuclear weapons is not rocket science.

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