Guns back in the ground

Posted: October 26, 2005 in Uncategorized
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Swansea University is under fire for owning 1.3 million shares in arms companies.
The information comes from the Campaign Against Arms Trade, which looks at how companies, universities and public bodies invest their pension schemes.
A few years ago I reported how a tiny church in Wales had £6,000 invested in a company making the Apache helicopter.
The money was a parishioner’s legacy – leftover war bonds – and they got rid of it when they found out what it was.
Swansea University says that the firms involved in its investment portfolio – including BAE Systems, Rolls Royce, Cobham and Smiths Group – are not exclusively weapons manufacturers.
Britain is already the second largest arms exporter in the world, flooding the world with killing machines.
According to Amnesty International there are 639 million small arms in the world, or one for every ten people, and 6 billion units of ammunition are produced every year – enough to kill every man, woman and child on the planet…twice!
Seems to me, there’s already enough investment in guns and killing without universities and councils ploughing workers’ pension money into the trade.

More info:
http://icwales.icnetwork.co.uk/0100news/0200wales/tm_objectid=16293702%26method=full%26siteid=50082%26headline=uni%2dunder%2dattack%2dover%2darms%2d%2dshares-name_page.html

http://www.controlarms.org/

http://icwales.icnetwork.co.uk/0100news/0200wales/tm_objectid=14137588%26method=full%26siteid=50082-name_page.html

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