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  • When nest eggs go bad: Council pension funds urged to take £2bn out of firms accused over human rights, the arms trade and global warming

    5 December 2017

    Author: Billy Briggs, 03 December 2017

    THE pension funds of Scotland’s public service workers have invested almost £2bn into firms accused over the arms trade, human rights abuses and polluting the planet, we can reveal.

    Hundreds of millions of pounds have been invested in arms firms while £1.8bn has been put into fossil fuels blamed for global warming on behalf of staff working in councils, charities, universities and other organisations.

    Critics yesterday urged fund managers to scrutinise where their money was going while financial advisers said people should protest if they are unhappy with specific investments.

    Companies benefiting include US arms giant Raytheon which has been linked to alleged war crimes in Yemen where the population is suffering a humanitarian catastrophe.

     

    Full article here.

     

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