Profile image
By Human Wrongs Watch
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Tell Your Bank Not to Invest in Nuclear Weapons!

Friday, November 21, 2014 1:43
% of readers think this story is Fact. Add your two cents.

Human Wrongs Watch 

The 2014 Don’t Bank on the Bomb report was launched earlier this month. The International Campaign against Nuclear Weapons (ICAN)* spoke with co-author of the report, Susi Snyder from PAX, about the impact of the report, and how you can take action to stop nuclear weapons financing. Act now and tell your bank not to invest in nuclear weapons.


Source: ICAN

There is increased awareness among the public about the way financial institutions behave, and how they invest their money. How do you see this report contributing to increasing understanding about nuclear weapon investments? 

Susi Snyder: The great thing about the Don’t Bank on the Bomb report is that it gives every person with a bank account (and that’s most of us!) an easy way to do something about nuclear weapons.

You don’t need to have a background in physics or international relations or high finance to say loud and clear “these weapons are unacceptable, and I don’t want to pay for them!”  This report is unique in the world because there is no other single place to find all of this information.

Why do financial institutions still invest in nuclear weapons?

Susi Snyder: Many of the companies that produce nuclear weapons also make other things that are not a global catastrophic risk. Boeing and Airbus for example are better known for making airplanes.  I think many financial institutions just don’t know that the companies they are investing in have are associated with nuclear weapons.

How would a ban on nuclear weapons contribute to stigmatizing and reducing the financing of such an indiscriminate and risk prone weapons?

Susi Snyder: Nuclear weapons are already being stigmatized because they are indiscriminate and inhumane and any use would cause catastrophic humanitarian consequences. A ban treaty would help reduce the financing of nuclear weapons if it included prohibitions on assistance, in a way similar to the Cluster Munitions Convention.

PAX research  has shown that including this provision in a weapons ban can lead to national legislation or interpretative statements clearly prohibiting investment.  A ban treaty is urgently needed to help make this clear, just like divestment helps make clear the stigma associated with nuclear weapons.

Sometimes it feels that changing financial institutions’ behaviour is an enormous challenge that the public cannot face alone. How can a normal person contribute to challenge the current financing of nuclear weapons?

Susi Snyder: Don’t Bank on the Bomb gives everyone an opportunity to contact their bank or other financial institution. You can easily write to them using this tool:  Or, use other ideas in the Campaigner guide. No one can do everything, but everyone can do something.

*Source: The International Campaign against Nuclear Weapons (ICAN), 7 November, 2014. Go to Original.

Related ICAN reports:  

Read more on Human Wrongs Watch:

Initiative on Humanitarian Impact of Nuclear Weapons Takes Centre Stage at UN General Assembly

‘The Damage Caused by Past Nuclear Testing Cannot Be Reversed’

Nuclear — Despite Price Dip, Uranium Demand, Production Continue to Rise

UN Officials Call for Renewed Global Commitment to Ending Nuclear Tests

Do You Have the Courage to Ban Nuclear Weapons?

Why Is the Total Elimination of Nuclear Weapons So Urgent?

Hiroshima: The Myth of “Military Necessity”

Inhumane, Illegal, Immoral and Cruel: a Survivor Account of the Hiroshima Bombing

‘Humans Search for Life on Other Planets While Modernizing Weapons That Can Destroy All Life on Planet Earth’

Anti-Nukes Move from Norway to Bahrain The NPT’s “Unacceptable and Continuous Failure”: Egypt Walks Out

Fed Up With Empty Promises, The Arab May Abandon Nuclear Non-Proliferation Treaty

Middle East Nuclear Free Bid Moves to Finland – Yet Another Lost Chance?

Nuclear Free Middle East “High Priority” Nuclear Free Middle East — Necessary Yet Impossible

Middle East — France’s Fuzzy Face on Nuclear Abolition

‘Strong UN Commitment’ to Nuclear-free Middle East Conference

Which Countries Have Nuclear Weapons and How Many?

Banks, Pension Funds, Insurance Companies in 30 Countries ‘Invest’ Your Money in Nuclear Arms

‘Humanity Could Not Survive a Nuclear War Using Even a Fraction of Existing Arsenals’

Another Lost Chance to Save Middle East from Mass Destruction

Watch The Sky–It May Rain Atomic Bombs

Nuclear Terrorism – Killing 100,000 People Not Very Difficult

Humanitarian Consequences of Nuclear Weapons — Are You Ready to Hit the Gas?

Ecocide, a Catastrophic Consequence of Nuclear Weapons

“Breaking the Nuclear Chain” Campaign

Pressure to Push the Nuclear Genie Back in the Bottle

Germany Resolved to Pave the Way to Nuclear Disarmament

India, Pakistan Engaged in World’s Most Active Nuclear Arms Race

World Nuclear Forces: ‘Fewer But Newer’ Weapons

Desert “Star Wars”, Respect Dignity of Life

Nuclear Dangers, The World Is “One Minute Closer to Midnight” U.S. Spending on Atomic Bombs Doubles UN Budget

Of Dr. Strangelove and the Risk of Using Atomic Bombs World Campain Against False ‘Nuclear Deterrence Doctrine’

 The Story of Child Yami and the Atomic Bomb

Obama and How to Save a Quarter of a Trillion Dollars

You Choose: $105 Billion a Year for Health Care or Nuclear Weapons?

Will Israel Attack Iran … Really?

Top US Military Commander: ‘I Don’t Want to Be Complicit’ if Israel Attacks Iran

US Defense Secretary Warns of ‘Pearl Harbor’ Cyber Attack by Iran

Not a Time for Casual Games With Iran – Former Mossad Chief Warns

2014 Human Wrongs Watch

Filed under: Africa, Asia, Latin America & Caribbean, Middle East, Others-USA-Europe-etc., The Peoples, War Lords


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories


Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.