Don't Bank on the Bomb: $748 billion invested in nuclear weapons

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A large number of people standing behind a banner reading "Don't Bank on the Bomb"

A new report from Don’t Bank on the Bomb exposing banks and other financial institutions funding nuclear weapons production has been published. “Shorting our security: financing the companies that make nuclear weapons” exposes 325 institutions from 28 countries investing US$748m in the top 18 companies involved in nuclear weapons production between January 2017 and January 2019.

Over half of this figure, $392m, was invested by just ten financial institutions, all based in the USA:

  • Vanguard
  • BlackRock
  • Capital Group
  • State Street
  • Verisight
  • T. Row Price
  • Bank of American
  • JP Morgan Chase & Co
  • Wells Fargo
  • Citigroup

Big investors from other countries include:

  • Mitsubishi UFJ Financial (Japan)
  • BNP Paribas (France)
  • Dutsche Bank (Germany)
  • UBS (Switzerland)
  • Royal Bank of Canada (Canada)
  • Barclays (UK)
  • Life Insurance Corporation of India (India)

Shockingly, despite the fact the number of investors in nuclear weapons is dropping, the report finds that those that continue to invest in have increased their investments by 42% since the last Don’t Bank on the Bomb report, which found $325 billion invested. Investments in Boeing increased (192% bigger) and Thales (300%), but investments in the US company Bechtel dropped, as did investments in British company Serco.

Read the full report here: https://www.dontbankonthebomb.com/2019-hos/

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