HUNDREDS of financial institutions are cashing in on the nuclear arms trade, it was revealed yesterday. A total of 390 companies are investing up to £400 billion in nuclear weapons producers, according to investigations by the International Coalition to Abolish Nuclear Weapons (ICAN) and Pax Netherlands. Thirty-three of these institutions are in Britain. The ICAN report also names 36 firms which have some form of limitation on investment in the weapons-producing companies. These include Barclays, the Royal Bank of Scotland and Standard Chartered. However all 36 also have “exclusion policies” which let subsidiaries to invest in nuclear weapons firms. The report was welcomed by the Manchester-based Nuclear Free Local Authorities Association (NFLA).
Morning Star 10th Dec 2016 read more »
It is still too difficult to make a reliable assessment of the new US President-elect’s nuclear policy. But we can make a judgement on the current administration. Despite promises by President Obama in 2009 to reduce the role of nuclear weapons and eventually rid the world of them, progress has ground to a halt, and started to reverse. Unless Obama can advance the agenda he set out in Prague in the next month and a half, President-elect Trump will inherit an exceedingly fragile world. This week the International Atomic Energy Agency spelled out one of the threats when it warned that nuclear terrorists across the globe are capable of striking any country in the world. While countries have stepped up their investment in nuclear security, terrorists and criminals will try to exploit any vulnerability to get their hands on deadly radioactive materials and attack nuclear facilities, said the IAEA chief Yukiya Amano.
Independent 10th Dec 2016 read more »