Pension pots funding Gaza genocide – to tune of £16bn

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Children play at a tent camp for displaced Palestinians in Gaza City’s Jabalya refugee camp, February 6, 2025, after collecting donated food

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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Continue ReadingPension pots funding Gaza genocide – to tune of £16bn

Governments, arms companies and banks urged to end weapon sales to Israel

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Palestinian children sit at the edge of a crater after an Israeli airstrike in Khan Younis, southern Gaza Strip, June 21, 2024

‘By sending weapons, parts, components and ammunition to Israeli forces,’ the above risk being ‘complicit in serious violations of international human rights laws,’ UN experts warn

STATES and companies must end arms sales to Israel immediately or risk responsibility for human rights violations, UN experts have warned.

The transfer of weapons and ammunition to Israel may “constitute serious violations of international humanitarian laws and risk complicity in international crimes, possibly including genocide,” UN Special Rapporteurs for the Human Rights Council said in a statement on Thursday night.

The experts also called on BAE Systems, Boeing, Caterpillar, Lockheed Martin, Rolls-Royce Power Systems, and many other arms firms to end sales to Israel even if they have been granted licences to do so.

“These companies, by sending weapons, parts, components and ammunition to Israeli forces, risk being complicit in serious violations of international human rights and international humanitarian laws,” the experts said.

“This risk is heightened by the recent decision from the International Court of Justice ordering Israel to immediately halt its military offensive in Rafah, having recognised genocide as a plausible risk, as well as the request filed by the prosecutor of the International Criminal Court seeking arrest warrants for Israeli leaders on allegations of war crimes and crimes against humanity,” the statement said.

“In this context, continuing arms transfers to Israel may be seen as knowingly providing assistance for operations that contravene international human rights and international humanitarian laws and may result in profit from such assistance.”

The experts also warned that financial institutions investing in arms companies could also be held accountable, and called on Bank of America, BlackRock, Citigroup, JP Morgan Chase, Morgan Stanley, and many others to take urgent action.

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Continue ReadingGovernments, arms companies and banks urged to end weapon sales to Israel

Meet the Companies Profiting From Israel’s War on Gaza

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Original article by JESSICA CORBETT republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

Smoke rises as Israeli artillery units and howitzers stationed in the military zone launch attacks near the Gaza border in Nahal Oz, Israel on December 10, 2023. (Photo: Mostafa Alkharouf/Anadolu via Getty Images)

“As global resistance to war and apartheid grows, it is important that the public know exactly who is making this violence possible.”

As of Wednesday, a U.S.-based Quaker group’s online database listed over two dozen companies profiting from the bloodshed in the Gaza Strip, where Israeli forces have spent the last 10 weeks waging what experts call a “genocidal” war that sent defense stocks soaring.

Backed by $3.8 billion in annual military aid from the United States, Israel declared war on October 7 in retaliation for a Hamas-led attack that killed over 1,100 people. Since then, Israeli forces have killed over 20,000 Palestinians in Gaza—sparking massive protests demanding a cease-fire around the world, including many led by Jewish people.

“War and attacks on civilians will never bring safety or peace to Israelis or Palestinians.”

The growing death toll, displacement, destruction of civilian infrastructure, and difficulties in delivering humanitarian aid to the besieged enclave have also increased scrutiny of a $14.3 billion package for the war that the Biden administration requested from Congress as well as criticism of the U.S. weapon-makers and billionaire donors who are arming and enabling the Israel Defense Forces (IDF).

“The scale of destruction and war crimes in Gaza would not be possible without massive weapon transfers from the U.S.,” said Noam Perry of the American Friends Service Committee (AFSC), the group behind the tool, in a statement Wednesday. “As global resistance to war and apartheid grows, it is important that the public know exactly who is making this violence possible.”

As the AFSC webpage details:

Shortly after October 7, the U.S. government started transferring to Israel massive amounts of weapons. Among these weapons, Israel received more than 15,000 bombs and 50,000 artillery shells within just the first month-and-a-half. These transfers have been deliberately shrouded in secrecy to avoid public scrutiny and prevent Congress from exercising any meaningful oversight.

Some of these weapons were purchased using U.S. taxpayers’ money through the Foreign Military Sales program; some were direct commercial sales purchased through Israel’s own budget; and some were replenished U.S. military stockpiles in Israel, which the Israeli military may also use. A list of known U.S. arms transfers is maintained by the Forum on the Arms Trade.

The webpage notes that the list is based on reporting, social media, and other open sources, and “focuses on weapons used by Israel because all Palestinian militant groups are already sanctioned and receive no support from Western governments or corporations.”

For example, Boeing, the world’s fifth-largest weapon manufacturer, makes F-15 fighter jets and Apache AH-64 attack helicopters used by the Israeli forces, as well as “multiple types of unguided small diameter bombs (SDBs) and Joint Direct Attack Munition (JDAM) kits” that have been used “extensively” during the war, including in a bombing of Gaza’s Jabalia refugee camp.

After decades of Israeli occupation forces using Caterpillar’s armored D9 bulldozers to “demolish Palestinian homes and civilian infrastructure in the occupied West Bank and to enforce the blockade of the Gaza Strip,” the machines “have been crucial in the Israeli military’s ground invasion” of the enclave, according to AFSC.

While both of those war profiteers are based in the United States, the list isn’t limited to U.S. firms, also calling out the world’s seventh-largest weapon manufacturer, the U.K.’s BAE Systems, and Israel’s largest weapon manufacturer, Elbit Systems, “one of the primary suppliers of weapons and surveillance systems to the Israeli military.”

Other companies on the list include weapons giants such as General Dynamics, General Electric, L3Harris Technologies, Leonardo, Lockheed Martin, Northrop Grumman, and RTX—formerly Raytheon—as well as vehicle companies AM General, Ford, Oshkosh, Toyota, and drone manufacturers AeroVironment, Skydio, and XTEND.

The list also targets U.S.-based Colt’s Manufacturing Company, which makes firearms including the M16, and Emtan Karmiel, an Israeli firm that “delivered some 12,000 rifles” to the country’s forces within a week of October 7. It also includes Israel Aerospace Industries, a state-owned manufacturer that “makes multiple weapons systems specifically for the Israeli military.”

Other Israeli firms listed include Plasan, which makes the SandCat light armored vehicle, and MDT Armor, which is owned by the Israeli company Shladot and makes the David Urban Light Armored Vehicle used by the military for patrols and reconnaissance.

The other foreign firms on the list are ThyssenKrupp, the German company that built four warships for Israel, and Nordic Ammunition Company, which makes the M141 Bunker Defeat Munition, a shoulder-fired “bunker-buster” rocket.

“As a Quaker organization with a long history of work in Palestine and Israel, including in Gaza, we support a full arms embargo to both Israeli and Palestinian militant groups,” Perry stressed Wednesday. “War and attacks on civilians will never bring safety or peace to Israelis or Palestinians. We need a permanent cease-fire and to work toward a just and lasting peace in the region.”

Original article by JESSICA CORBETT republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

Continue ReadingMeet the Companies Profiting From Israel’s War on Gaza