lundi 29 août 2016

I partly own a nuclear weapon

For the record. I think cluster bombs and landmines are the most disgusting form of warfare. How the US still does it astounds me.

But I part own a nuke so I could at least get a selfie with it

Quote:

How to check if your KiwiSaver is invested in cluster bombs, land mines or nukes



It is easy*to check if your KiwiSaver fund is invested in companies suspected of making cluster bombs or land mines,*or maintaining nuclear missile bases.

The big KiwiSaver schemes publish annual disclosure statements for each of their funds, including a searchable data file of all the companies they invest in.

These are usually*published on their websites, and*provide a yearly opportunity for KiwiSavers to check on whether any of their money is invested in weapons makers, or companies which have involvement with nukes.

New Zealand's anti-nuke Act has not been updated since it was passed in 1987 in the aftermath of the Rainbow Warrior bombing.

It is easy*to check if your KiwiSaver fund is invested in companies suspected of making cluster bombs or land mines,*or maintaining nuclear missile bases.

The big KiwiSaver schemes publish annual disclosure statements for each of their funds, including a searchable data file of all the companies they invest in.

These are usually*published on their websites, and*provide a yearly opportunity for KiwiSavers to check on whether any of their money is invested in weapons makers, or companies which have involvement with nukes.


Searching the datafiles for the names of companies involved with industries you want to avoid is easy, and reveals that not much has changed since Stuff broke the cluster bomb, land mines and nukes story in August last year.

Then some large KiwiSaver funds were invested in two US companies excluded by the NZ Super Fund as suspected of being involved with weapons which two acts of Parliament prohibit Kiwis from investing in.


These were*United States*companies General Dynamics, excluded by the NZ Super Fund under the "cluster munitions" category, and Northrop Grumman, excluded under the "anti-personnel mines" category.

Both are still excluded by the NZ Super Fund on the same grounds.*The NZ Super Fund pays MSCI ESG Research to examine stockmarket-listed companies, and excluded stocks based on its reports.

The KiwiSaver disclosure statements, dated the end of March 2015*showed ANZ's KiwiSaver growth fund and Westpac's KiwiSaver growth fund*had holdings in Northrop Grumman, and BNZ's growth fund had money invested in*General Dynamics.

Each investment made up only a small proportion of each of*the funds' total investments.

A search of the*latest ANZ growth fund annual disclosure statement shows*that at the end of March this year, it was still invested in Northrop Grumman.

Neither BNZ nor Westpac have published the complete list of investments in their growth funds on their websites this year.

The full list of Westpac fund holdings is available, however, on the newDisclose Register*run by the Companies Office. A search of the datafile shows that the end of March, Westpac's*growth fund had holdings in both Northrop Grumman and Lockheed Martin.

The ASB Balanced KiwiSaver fund held Northrop Grumman at the end of March this year.

While New Zealand laws prohibit investing in land mine and cluster bomb makers, it is not illegal to invest in companies that look after nuclear weapons bases, even though New Zealand went nuclear-free in 1987.

That appears to be because at that time it was not possible to invest in companies associated with nuclear weapons. Waves of privatisation in the United Kingdom*and US now mean private, stockmarket-listed*companies maintain*military bases where nuclear devices are stored.

New Zealand's nuclear-free laws have not been updated to reflect those changes.

Two big US companies Lockheed Martin and Fluor Corporation are both on the NZ Super Fund's exclusion list under the "nuclear explosive devices and nuclear base operators" category.

Some big KiwiSaver schemes had investments in them at the end of March, their latest annual disclosure statements show.

ANZ Balanced Fund, for example, was invested in both, and ASB Balanced was invested in Honeywell International. Again, both investments made up just a small proportion of their holdings.


via International Skeptics Forum http://ift.tt/2bLMr6i

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