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Don’t Bank on the Bomb is the first major global report on the financing of companies that manufacture, modernize and maintain nuclear weapons and their delivery vehicles. It identifies more than 300 banks, insurance companies, pension funds and asset managers from 30 countries that invest significantly in 20 major nuclear weapons producers. With the information and arguments contained in this report, concerned citizens can put pressure on these and other financial institutions around the world to end their support for the nuclear weapons industry.
By lending money to nuclear weapons companies, and purchasing their shares and bonds, banks and other financial institutions are indirectly facilitating the build-up and modernization of nuclear forces, thereby heightening the risk that one day these ultimate weapons of terror will be used again – with catastrophic humanitarian and environmental consequences. Divestment from nuclear weapons companies is an effective way for the corporate world to advance the goal of nuclear abolition.
Newly generated data on the decline in agricultural production that would follow a limited, regional nuclear war in South Asia support the concern that more than one billion people would be in danger of starvation. Epidemic disease and further conflict spawned by such a famine would put additional hundreds of millions at risk. Read more »