Protesters use a van to block the gates to Elbit at Filton near Bristol Photo: Neil Terry Photography
ACTIVISTS blockaded two Israeli weapons sites in Bristol as they vowed to redouble their efforts to shut down Elbit Systems today.
Palestine Action used lock-on devices inside vans to block the gates at the entrances of both sites, preventing anyone from coming in or out.
One of the sites, a facility at Filton, is the brand new £35 million research and development hub of Israel’s biggest weapons firm.
The other site is Elbit’s headquarters at Aztec West 600, which the activists said is used by Elbit to oversee their logistical, financial, and operational affairs throughout the country.
Greenpeace activists display a billboard during a protest outside Shell headquarters on July 27, 2023 in London. (Photo: Handout/Chris J. Ratcliffe for Greenpeace via Getty Images)
“The failure by our political class to deal with this completely solvable issue is staggering and shameful,” wrote one journalist.
As Hurricane Milton’s 145 mile-per-hour winds began closing in on Southwest Florida on Wednesday and people crowded into makeshift shelters across the state, climate advocates and other observers said the life-threatening storm and massive disruption to millions of people’s lives should make Americans “furious” at those who have helped make extreme weather more frequent and dangerous.
As Nathan J. Robinson wrote in Current Affairs, climate scientists and meteorologists have unequivocally told oil companies and policymakers that fossil fuel extraction is causing planetary heating, which has led to higher temperatures in oceans and bodies of water including the Gulf of Mexico, where the rapidly strengthening hurricane formed.
But despite the knowledge that fossil fuel giants like ExxonMobil and Shell had decades ago that drilling for oil and gas would cause “violent weather” and “potentially catastrophic events,” the industry’s profits have only grown as the U.S. has continued to subsidize their pollution-causing activities.
“The failure by our political class to deal with this completely solvable issue is staggering and shameful,” wrote Robinson. “Many of them have children and grandchildren. Presumably they would like their descendants to inherit a world worth living in. And they could make that happen. Unfortunately, it would require challenging the power and profits of some of America’s most influential corporations.”
In the Substack newsletter Heated, Arielle Samuelson explained on Wednesday how fossil fuel extraction and planetary heating “mutated” Hurricane Milton, which stunned weather experts this week as its wind speeds grew at a record-breaking pace, from 60 miles per hour to 180 miles per hour in just 36 hours.
It was the second time in recent weeks that a hurricane in the region has intensified quickly; areas that are expected to take a direct hit from Milton are still overwhelmed by the destruction left by Hurricane Helene.
Hot temperatures in the planets’ oceans and gulfs fuels hurricanes, and as Samuelson noted, scientists say the “extremely hot” Gulf of Mexico “was made far more likely by heat-trapping pollutants from the fossil fuel, agriculture, chemical, and cement industries.”
She continued:
In the past two weeks, ocean temperatures in the Gulf of Mexico were about 30-31° Celsius (86-88°F)—about 1 to 2° Celsius above average. The climate crisis made these extraordinarily high ocean temperatures at least 400 to 800 times more likely over the past two weeks, according to a rapid attribution study from Climate Central.
[…]
The science is also extremely clear that heat-trapping pollution causes sea-level rise and heavier rainfall, both of which make hurricanes more dangerous. Rainfall rates for tropical cyclones are expected to rise with the planet’s temperature, causing deadly flash floods like those found in Asheville, North Carolina. Sea level rise also means that coastal communities, and communities further inland, are more likely to be flooded during a storm.
That’s an objectively scary reality. But we know the primary source of greenhouse gas pollution, scientists note, so we also know how to slow the problem.
The lingering destruction of Helene and the impending landfall of Milton come, noted Fossil Fuel Media director Jamie Henn, weeks after three Democrats in Congress introduced legislation to require fossil fuel companies and oil refiners that do business in the U.S. to pay into a $1 trillion Polluters Pay Climate Fund, with their contributions based on a percentage of their global emissions.
The fund would be used to finance climate adaptation and other efforts to confront the impacts of the climate crisis.
There is a bill in Congress *right now* that would fund FEMA and resiliency efforts by making Big Oil pay for climate damages.
The Polluters Pay Climate Fund Act would provide at least $15 billion to FEMA to "address climate related disasters." https://t.co/cza3eiGZCn
In a press briefing on Wednesday, President Joe Biden noted how the damage done by Helene and the rapidly evolving news about Milton has left overwhelmed Americans vulnerable to misinformation, with some urging them to direct their anger at the White House or the Federal Emergency Management Agency (FEMA).
Republican presidential nominee Donald Trump has made baseless claims that FEMA funds were spent on funding for immigrant shelters, while U.S. Rep. Marjorie Taylor Greene (R-Ga.) wrote on social media that an unnamed “they” can control the weather and suggested the federal government is deliberately keeping emergency aid from people in states controlled by Republicans.
As fossil fuel firms and political leaders march “us toward the tipping points,” wrote Robinson, “many people won’t understand what is happening to them.”
“In a chaotic information environment filled with endless falsehoods, they’ll conclude that the president is manipulating the weather, or FEMA is trying to kill people,” he wrote. “The real story, however, is straightforward: We have a political class that is vastly more committed to sending weapons to war criminals than funding emergency management, and which will not acknowledge the basic facts of the problem (and the known solutions) because some large economic actors benefit in the short run from the destruction of the planet.”
“Truly, it’s revolting,” he added. “What an absolute disgrace our failure to deal with climate change is.”
Candice Fortin, U.S. campaigns manager for 350.org, said that fossil fuel executives and the politicians that support them have “blood on their hands” and called on Biden to unequivocally stand on the side of hurricane victims by declaring a climate emergency.
“This is a climate emergency,” said Fortin. “Every time we repeat that, countless more lives have been lost or upended by the fossil fuel industry. How many more times will it take? We call on President Biden to use his executive power to declare a climate emergency so we can finally protect frontline communities.”
At Newsweek, organizer and attorney Aaron Regunberg wrote that oil companies’ contributions to the climate emergency have been compounded by their vast efforts to spread misinformation and hide their knowledge that fossil fuel extraction was heating the planet.
Exxon CEO Darren Woods, he wrote, pushed for a surge in the company’s extractive activities while “overseeing a substantial portion of the company’s climate deception efforts,” and received $198.9 million for his “climate crimes” from 2015-23, as well as owning Exxon shares worth $371.1 million.
“Regular people are paying the ultimate price for this sociopathic greed,” wrote Regunberg. “The families made homeless, the wives and husbands and parents and children who lost loved ones to Helene—these victims deserve justice no less than victims of street-level crimes, and the companies and corporate executives responsible for their pain and suffering deserve criminal punishment at least as much as, if not far more than, the average street-level offender.”
“Climate victims have paid so much for Big Oil’s reckless conduct,” he added. “It’s time to make the polluters pay.”
Experienced climbers scale a rock face near the historic Dumbarton castle in Glasgow, releasing a banner that reads “Climate on a Cliff Edge.” One activist, dressed as a globe, symbolically looms near the edge, while another plays the bagpipes on the shores below. | Photo courtesy of Extinction Rebellion and Mark Richards
Hedge fund Quadrature Capital has given £4m to Keir Starmer’s Labour – the largest donation in the party’s history | Jack Taylor – WPA Pool / Getty Images
Quadrature’s donation is noteworthy not just for being Labour’s largest-ever, but for its timing ahead of election
The Labour Party’s largest-ever donation came from a Cayman Islands-registered hedge fund with shares worth hundreds of millions of pounds in fossil fuels, private health firms, arms manufacturers and asset managers.
While the £4m donation by Quadrature Capital is the sixth-largest in British political history, it is noteworthy not just for its size, but also its timing.
Electoral Commission records suggest Labour received the donation in the one-week window between former prime minister Rishi Sunak announcing the general election and the start of the ‘pre-poll reporting period’ in which all political donations over £11,180 had to be published weekly, rather than the quarterly norm.
This means that despite being made on 28 May, Quadrature’s generous donation was published by the Electoral Commission only last week, more than two months after Labour won the election.
Neither the Labour Party press office nor No 10 responded to openDemocracy’s questions on whether the timing of accepting this donation was intended to minimise scrutiny and critical coverage during the election.
Paul Holden, an investigative journalist and author of The Fraud, a forthcoming book on Starmer’s leadership, told openDemocracy that the donation’s timing fits the Starmer project’s pattern of delaying the disclosure of potentially sensitive or controversial political donations.
Holden said: “Sir Keir Starmer and the organisations close to him have an unfortunate history of reporting donations in controversial ways.
“During his bid to become leader of the Labour Party, Starmer refused to contemporaneously publish details of who had donated to his leadership campaign. His rivals, Rebecca Long-Bailey and Lisa Nandy, agreed to share details of their donors in real-time, which they published. Starmer, however, decided only to declare his donations via his MP’s register of interests, which created a significant lag between when Starmer accepted his donations and when they were made public.
“Labour members, as a result, had no idea at the time of voting that Starmer had been funded with large donations from the likes of wealthy millionaires like Martin Taylor and Sir Trevor Chinn and Baron Waheed Ali; the latter now at the centre of the furore about Starmer’s acceptance of gratuities.”
Holden also referred to a fine issued by the Electoral Commission to Starmerite think tank Labour Together in 2021 for its failure to declare donations worth more than £800,000 – including £730,000 received while it was under the directorship of Starmer’s key adviser and No 10’s director of political strategy, Morgan McSweeney.
openDemocracy has consistently reported on Labour’s increasingly strong ties with the financial sector in recent years.
The party has received more than £8m from businesses or people linked to the financial industry since Starmer became leader in 2020 and now boasts two multi-million-pound donors from the world of hedge funds; Quadrature and Taylor, who has managed several billion-dollar funds over his career.
While Quadrature had not donated to Labour before May, one of its senior employees has contributed significantly to the party under Starmer. Daniel Luhde-Thompson, a strategic adviser at the firm, has given the party more than £500,000 this year, according to the Electoral Commission.
Transparency campaigners have warned Quadrature’s huge donation raises questions about what the financial sector is getting in return.
Rose Whiffen, senior research officer at Transparency International UK told openDemocracy: “When the public see political parties relying on such large sums of money in donations from private sources, it understandably raises questions as to in whose interest politicians are working and can give the impression our democracy is for sale.
“More must be done to take this kind of big money out of politics. The new government should commit to introducing caps on individual donations to tackle this problem [and] restore public trust in how our democracy functions.”
Green Party co-leader Zack Polanski told openDemocracy that the donation shows Labour now “stands for multi-millionaires and billionaires over our working-class communities”.
Polanski said: “Far from being the party in service of working people, Starmer’s Labour Party seems indebted to the bankers and bosses who profit from pillaging our public services and our planet.
“Simply ‘following the rules’ and declaring donations isn’t enough to cast aside the doubts that the main parties have their loyalties tested by big donors. It’s time to implement strict rules on funding political parties, including a cap on how much any individual or business can donate to politics. Elections should be won by the people with the best ideas, not the parties with the biggest donors.”
Registered in the Cayman Islands
Quadrature Capital has a diversified share portfolio worth around $6bn, according to records filed with the US Securities and Exchange Commission (SEC) last month.
After its donation was made public last week, the firm shared a statement on its website.
It said: “In May 2024, we came to the view that a UK government with a commitment to the green transition of the economy would have the ability to drive change that is so urgently needed. Having analysed commitments set out by each party, we donated £4m to The Labour Party, in support of policies that will deliver climate action while also promoting social equity and economic resilience.
“This was a values-based donation, not a political donation, as Quadrature Capital Ltd remains non-partisan and apolitical. Going forward, our private giving will continue to be led by our values, and any further donations to political parties will depend on the parties’ commitments, track record and alignment with our mission for sustainable and equitable growth.”
Last year, the Guardian reported that despite donating to environmental charities through its climate foundation, Quadrature had holdings in fossil fuel companies worth more than $170m. The paper highlighted three holdings in particular with major polluters: ConocoPhillips, Cheniere Energy and Cenovus Energy.
openDemocracy’s analysis of the firm’s latest SEC filings shows that Quadrature has since increased its holdings in Cenovus, which was this year fined millions for an oil spill that released 250,000 litres into the Atlantic Ocean. Quadrature has scaled back its holdings with the other two firms but has taken up a major $67m stake in ExxonMobil, one of the largest oil and gas producers in the world.
Among Quadrature Capital’s other investments, its largest holding is in Apple, valued at $231m, and among its 10 largest holdings are other ‘bluechip’ stocks like Amazon, Shopify and Costco.
Quadrature also maintains significant holdings in the arms manufacturers Northrop Grumman ($31m) and Lockheed Martin ($6m); US private healthcare companies such as UnitedHealth ($31m) and HCA Healthcare ($16m); some of the largest asset management companies like Blackstone ($22m) and KKR ($7m), who potentially stand to benefit significantly from Labour’s plans to utilise private investment for infrastructure; and tech firms, including Palantir ($71m) and Oracle ($8m).
UK accounts filings for the firm show profits before tax of more than £230m in the financial year ending 31 January 2023, but paid corporation tax of only £5.3m. As is noted in the accounts, had the firm paid the standard rate of UK corporation tax of 19% during that period, this would have amounted to more than £43m.
The UK-based fund paid out £343m in wages last year – an average of £3m for each of its 113 employees – while back in 2021 one of its founders was eyeing a luxury central London penthouse valued at around £110m, according to a report by Bloomberg that cited “two people with knowledge of the transaction”.
openDemocracy can reveal that Quadrature was last year acquired by QC Ventures, a company registered in the Cayman Islands, which is now the 100% shareholder in the firm.
The Cayman Islands is a well-known tax haven, and the transparency requirements for companies registered there are much less than in the UK and most other countries.
Documents obtained by openDemocracy show that when QC Ventures was established in the Cayman Islands back in 2018, its directors were three senior directors at Quadrature and a corporate services provider based in Cayman.
Speaking in the Commons in July, Labour’s foreign secretary David Lammy pledged to tackle individuals and companies taking advantage of offshore tax havens “with full vigour”.
He added: “We were concerned that parts of the last government were turning a blind eye to these issues. I hope to come forward with further proposals in the coming weeks.”
When openDemocracy contacted Quadrature to ask about the donation and the acquisition by QC Ventures, a representative of the firm directed us to the statement on the company’s website. They also said the decision to set up a holding company based in the Cayman Islands to acquire Quadrature was not motivated by, or related to, taxation.
Robert Palmer, director of Tax Justice UK, said that “any company moving to a tax haven like the Cayman Islands has questions to answer” as the islands are “notorious for a lack of transparency and for ultra-low taxes”.
“Ultimately governments need to make sure that everyone is paying their fair share in tax, especially when public services are desperately in need of investment and we need to fund the transition to a greener economy,” he said.
Fran Boait, co-executive director at Positive Money, said: “In taking large donations from financial firms registered in tax havens, we have to question what influence the sector is getting in return.
“Labour’s plans to continue the previous government’s deregulation of the City of London are particularly concerning, especially when it has been shown that an oversized financial sector hinders rather than helps the rest of the economy.
“Labour should be looking at how to weaken the power of big finance in our democracy and economy. Right now it seems they are doing the opposite.”
Activists demand an end to U.S. arms transfers to Israel during a May 2, 2024 protest outside the White House in Washington, D.C. (Photo: Amnesty International USA)
“U.S. arms transfers to Israel have fueled unimaginable suffering in Gaza, including staggering levels of civilian harm,” said one embargo advocate.
As the Palestinian death toll from Israel’s 314-day assault on Gaza passed 40,000—a figure experts say is likely a vast undercount—human rights groups this week decried the Biden administration’s approval of $20 billion worth of new weapons for Israel and renewed pleas for Congress to block further arms transfers to the nation on trial for genocide at the World Court.
On Tuesday—just days after Israeli forces used at least one U.S.-supplied bomb in an airstrike on a Gaza City school that killed scores of forcibly displaced Palestinian civilians sheltering there—the Biden administration notified Congress of the pending sale of a new weapons package that includes dozens of F-15 fighter jets, tens of thousands of 120mm mortar shells, over 32,700 tank shells, and 30 Advanced Medium Range Air-to-Air Missiles.
Since October, Congress and the Biden administration have approved more than $14 billion in unconditional military aid to Israel. President Joe Biden has signed off on more than 100 arms transfers to Israel during that period. This, atop the $3.8 billion in annual armed aid the U.S. already gives to the key Middle Eastern ally.
“Israel used U.S.-made weapons in May when it slaughtered Palestinian families sheltering in tent camps in Rafah,” Jewish Voice for Peace (JVP) said Wednesday. “Israel used U.S.-made weapons when it bombed the al-Mutanabbi school in Khan Younis in early July, killing over two dozen displaced Palestinians seeking refuge there. And it used U.S.-made weapons on Saturday to murder over 100 Palestinians while they prayed.”
President Biden's new $20B arms sale to Israel is unthinkable as Palestinians in Gaza remain at risk of genocide. We urge Congress to block the sale and uphold US and international law. The US must immediately suspend all weapons sales and transfers to the Israeli government. pic.twitter.com/vfOghDAE9e
“Biden continues to send weapons to Israel, and both political parties—Republicans and Democrats—have cheered on the Israeli government’s slaughter and genocide of Palestinians in Gaza,” JVP continued. “This is a U.S.-perpetrated genocide as much as it is an Israeli one.”
“But the Democratic voting base is calling for something different, and we have seen the progressive and increasingly mainstream wing of the party begin to echo this need,” the group said. “We are playing a critical role in driving the Democratic Party to finally catch up to the demands of its own base.”
“Right now, we have an opportunity to re-center Gaza in the national conversation and continue building pressure on the Biden administration, on [Vice President] Kamala Harris, and on Democratic members of Congress to support an immediate arms embargo,” JVP added.
While Harris has expressed sympathy for Palestinians suffering what she called a “humanitarian catastrophe” in Gaza, the vice president and Democratic presidential nominee, like Biden, has proclaimed her “unwavering” support for Israel. One aide said last week that Harris does not support an arms embargo.
“The decision to approve yet another massive sale of arms to Israel is appalling and a blatant violation of U.S. and international law and policy,” Annie Shiel, the U.S. advocacy director at the Center for Civilians in Conflict, said on Thursday.
“U.S. arms transfers to Israel have fueled unimaginable suffering in Gaza, including staggering levels of civilian harm, the destruction of civilian infrastructure, and an ever-growing humanitarian catastrophe,” Shiel continued. “The U.S. is complicit in this devastation.”
“Congress must block these sales, including through the introduction of joint resolutions of disapproval,” she added, “and the Biden-Harris administration must finally end U.S. arms transfers and use its leverage to bring about an immediate cease-fire.”
The Biden administration just approved $20 billion in arms sales to Israel – these weapons will kill children in Gaza. US Congress can block these sales – but they’re on recess, and for 10 months have failed to take action to stop arming Israel. #NoRecessForGaza#NotAnotherBombpic.twitter.com/URd7srhJMV
The international anti-poverty NGO ActionAid said Thursday: “We are outraged and heartbroken by the staggering loss of 40,000 lives in Gaza. It is a number that is incomprehensible—every life lost is an individual tragedy.”
“But this is not an inevitable one, it is an ongoing atrocity, and it could have been prevented,” the group continued. “Most governments across the world have refused to do the bare minimum to protect civilian life and it is to our collective shame. We are losing confidence each day in the concept of justice.”
“We reiterate our calls for an immediate cessation of hostilities and urge all governments to meet their obligations under international law and use all available means to take immediate and decisive action to ensure the safety and security of all civilians,” ActionAid said.
“We call for the imposition of sanctions, including travel bans and asset freezes, on Israeli officials linked to alleged violations of international humanitarian law,” the NGO added. “Every day that you choose to avoid this as a reality, this death toll will keep rising until there is nobody left in Gaza alive.”
In addition to the South Africa-led genocide case against Israel at the International Court of Justice, International Criminal Court (ICC) Prosecutor Karim Khan has applied for warrants to arrest Israeli Prime Minister Benjamin Netanyahu and Defense Minister Yoav Gallant, and for three Hamas leaders, at least one of whom has been assassinated by Israeli forces.
The Biden administration and numerous members of Congress have condemned the courts’ pursuit of justice for Israel and its leaders. In June, 42 Democrats joined nearly every Republican in the House of Representatives in passing a bill that would sanction ICC officials over Khan’s application for arrest warrants for Netanyahu and Gallant.
In addition to rights groups, a coalition of journalists, news outlets, and press freedom organizations on Thursday implored the Biden administration to immediately halt arms transfers to Israel.
As the tight 2024 presidential race between Harris and former President Donald Trump, the Republican nominee, heads toward the home stretch, a survey commissioned by the Institute for Middle Eastern Understanding Policy Project and conducted by YouGov revealed this week that Democratic and Independent voters in the key swing states of Arizona, Georgia, and Pennsylvania would be more willing to vote for Harris if she backed an arms embargo on Israel.
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.
