UK Government remains silent on cluster bomb investments as new report shows UK banks still investing hundreds of millions in cluster bomb producers.
London, 14th June 2012. Despite policy changes from several major UK banks in the last twelve months, financial institutions in the UK are continuing to invest hundreds of millions of pounds in companies producing illegal cluster munitions, according to a new report released today.The report ‘Worldwide Investments in Cluster Munitions: A Shared Responsibility’, by Cluster Munition Coalition members IKV Pax Christi and FairFin, identifies137 financial institutions worldwide that have invested more than $43 billion in producers of cluster munitions since 2009 [1]. The report shows that