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Scottish Council calls on big pension fund to stop investing in weapons makers

The Ferret 5th March 2021, Inverclyde Council has called on Scotland’s largest council pension fund  to stop investing in arms and to commit to ethical investments. A motion was passed this week after Inverclyde Council was told that Strathclyde Pension Fund (SPF) held shares in 11 of the world’s 20 biggest arms manufacturers, including some involved in the production of nuclear weapons. The council’s decision has been welcomed by Campaign Against Arms Trade, Nuclear Free Local Authorities (NFLA) and Don’t Bank on the Bomb.

March 8, 2021 - Posted by | business and costs, politics, UK

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