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Concerted opposition in Scotland to nuclear weapons, and to banks lending for them.

Herald 30th March 2021 THAT nuclear weapons are now illegal may well have passed some Scots by.
After all, mainstream media didn’t exactly make a fuss about it. Yet there has been opposition to the nuclear weapons based in the Clyde for the half a century or so they have menacingly been situated there.

“Ordinary” Scots, civil society, the STUC, Scotland’s churches, the Scottish Parliament and many of Scotland’s MPs have spoken out, demonstrated and campaigned against them both because of the existential risks they represent and the conviction that the funds invested in them could be better used to build back better and fairer from the pandemic.

From NatWest’s recently-released annual report it is clear that the outstanding loans to these 11 companies are just a drop in the ocean and terminating them now is not likely to make a significant difference to NatWest’s bottom line.

Now there’s a chance for change. NatWest Group is updating its investment policies. That’s why the Church of Scotland, numerous Scottish trade union councils and dozens of other civil society organisations joined a call to NatWest Group to make sure no companies involved in any nuclear weapon programmes can borrow money.

https://www.heraldscotland.com/news/19194302.agenda-biggest-bank-must-change-policy-nuclear-weapons/

March 31, 2021 - Posted by | Uncategorized

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