https://morningstaronline.co.uk/article/pension-pots-funding-gaza-genocide-to-tune-of-ps16bn

Urgent divestment call for local authority schemes

THE Local Government Pension Scheme (LGPS) has invested over £12 billion in firms complicit in Israel’s Gaza genocide, new research by campaigners revealed today.

Palestine Solidarity Campaign’s (PSC) freedom of information requests have found that LGPS funds, administered by local councils across Britain, invest more than £450 million in BAE Systems, which manufactures components used by Israel’s F-16 fighter jets.

More than £80m is invested in Caterpillar, which produces bulldozers used by Israel to demolish Palestinian homes, schools and hospitals.

And more than £90m is invested in RTX Corporation, formerly Raytheon, which produces bombs used by the Israeli military.

Investments in Amazon and Google’s parent company Alphabet, purveyors of cloud computing infrastructure to Israel’s intelligence-gathering Project Nimbus, totals £4.7bn.

The research also shows that LGPS funds hold more than £28m in Israeli government bonds.

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Continues at https://morningstaronline.co.uk/article/pension-pots-funding-gaza-genocide-to-tune-of-ps16bn