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Scottish peace campaigners pressing big financial institutions to divest from nuclear weapons

The National 20th Sept 2018 ,PEACE campaigners are urging Scots to force the hand of the country’s biggest institutions in a war against nuclear weapons as a bombshell report
is launched. With data drawn from annual results, official statements and
freedom of information reports, the paper reveals the extent to which major
Scottish bodies help fund the making of nuclear weapons.

Billed as a way to help “eliminate” the big-money devices, the document has been produced by
the Scottish Campaign for Nuclear Disarmament (CND) in conjunction with
similar organisations. It calls on bank customers, students and pension
holders to press major institutions into divesting their funds from
companies involved in the manufacture of nuclear weapons.

These include Royal Bank of Scotland and the Scottish Local Government Pension Scheme
(SLGPS), the largest fund of its kind in the country. It also claims that
success could help sink Trident, arguing: “If we can persuade Scottish
financial institutions to divest from nuclear weapons producers, this will
incentivise those companies to end their involvement with Trident and other
nuclear weapons programmes.”
http://www.thenational.scot/news/16889880.scots-urged-to-put-pressure-on-institutions-funding-nuclear-arms/

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September 21, 2018 - Posted by | business and costs, UK, weapons and war

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