nuclear-news

“Hall of Shame” – banks that invest in nuclear weapons, include Sweden

Swedish banks in nuclear weapons ‘hall of shame’The Local 10 Oct 2013 By lending money to multinational defence firms, Swedish banks are supporting the existence of nuclear weapons, the only weapon of mass destruction which is yet to be banned, according to a new report published on Thursday.

“Any weapons that have a indiscriminate effect are controversial weapons and there is global obligation for disarmament. Banks have a role to play and our report shows that they can, and do, choose to avoid investment in controversial weapons,” Susi Snyder, co-author of Don’t Bank on the Bomb, told The Local on Thursday.

“When customers find out that their money is being invested in nuclear weapons, they get angry. Banks can just as well invest in green energy, or beer,” she said.

The report includes a ‘Hall of Shame’ of financial institutions that support multinational defence firms currently involved with the world’s nuclear arsenals. Swedish banks SEB and SvenskaHandelsbanken are two of the firms named on the list…..http://www.thelocal.se/50712/20131010/

October 16, 2013 - Posted by Christina Macpherson | secrets,lies and civil liberties, Sweden