BANKING ON THE NUCLEAR BOMB ARE CITI, CHASE, BoFA, WELLS FARGO AND GOLDMAN SACHS
Matthew Russell Lee
ICP Asks Why in UN Global Compact?
Among the top ten investors in nuclear weapons are banks which stand to benefit from the de-regulatory bill S.2155 in Washington, including JP Morgan Chase, Bank of America, Citigroup, Wells Fargo, State Street and Goldman Sachs. This is according to a just released study by the International Campaign to Abolish Nuclear Weapons (ICAN), here. Should this move them out of the UN Global Compact, administered by Secretary General Antonio Guterres?
On March 7 Inner City Press asked Guterres’ deputy spokesman Farhan Haq, UN transcript here:
Inner City Press: The ICAN, the Nobel Prize-winning group on nuclear weapons, has put out a list of companies that are… that they say are profiting from the nuclear weapons manufacturing industry. So, I guess it made me wonder, in connection with the oil company question that Stéphane [Dujarric] responded to yesterday, whether the UN Global Compact views… how it views funding and profiting from nuclear weapons production. These are, like, major American banks — Citi, Chase, Goldman Sachs, State Street. And… and, given that the Secretary-General… I know that, when he was in Europe, he said, this is going to be a big drive for nuclear.....