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Author name: Stop Explosive Investments Team

Disinvestment campaign gains momentum at milestone Laos meeting on cluster bomb treaty

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Governments showed a strong level of support for banning investments in cluster munition producers during the First Meeting of States Parties to the Convention on Cluster munitions, held on 9-12 November 2010 in Vientiane, Lao PDR. A number of high-level delegations, including ministers from Luxembourg, New Zealand and Norway made encouraging statements at the conference, […]

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New ANZ Bank policy in Australia rules out funding cluster bomb producers

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Disinvestment campaigners in Australia are celebrating a policy shift by one of Australia’s largest banks. In recent months, ANZ Bank revised and expanded its Military Equipment Policy, following many years of continued engagement between campaigners and bank officials. In October 2010, ANZ stated that, from now on, it “will not be involved with direct financing

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Disinvestment campaigners track success at Amsterdam workshop

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Campaign to end investment in cluster bombs launched 1 year ago Twenty campaigners active on disinvestment from around the world met in Amsterdam on 4-5 October to gain technical knowledge, share campaign successes and challenges, and carry out strategic planning for 2011.  The Cluster Munition Coalition (CMC) and CMC members IKV Pax Christi and Netwerk

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France prohibits direct and indirect financing

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On 6 July, Handicap International and Amnesty International France issued a press release welcoming the prohibition of direct and indirect financing on cluster munitions in France.  As both the organisations have campaigned for several years on this issue, they were pleased with the French government’s announcement.  Following their campaign since 2006, many major financial groups

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Japan banks ban financing cluster arms

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AFP http://news.smh.com.au/breaking-news-world/japan-banks-ban-financing-cluster-arms-20100730-10zkw.html Japan’s three largest banks said on Friday they would refrain from financing the manufacture of cluster bombs, two days before an international convention against the munitions comes into force. Sumitomo Mitsui Financial Group (SMFG), Mitsubishi UFJ Financial Group (MUFG) and Mizuho Bank said they had stated in their regulations they would deny loans

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UBS stops funding cluster bomb producers

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The Swiss bank UBS announced on 10 May that it would exclude producers of cluster munitions from its funds managed in Switzerland and Luxembourg. The Cluster Munition Coalition welcomes this decision and urges other financial institutions to follow suit, noting that the international treaty banning cluster bombs takes effect on 1 August. “This is positive

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Banks urged to stop funding cluster bomb producers

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Leading financial institutions worldwide continue to invest more than US$43 billion in producers of cluster munitions despite a comprehensive treaty banning the weapons set to become binding international law, according to new research presented by Cluster Munition Coalition (CMC) members in Geneva today. “Many leading banks have already changed their policies to reflect the growing

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Switzerland to ban investment in cluster munitions

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Switzerland is poised to join a number of countries that have outlawed investments in cluster munitions, after the Swiss National Council passed two motions on 10 March 2010 to prohibit financial support for the production of all banned weapons. The Cluster Munition Coalition (CMC) welcomed the step and called on more countries to follow suit,

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Disinvestment Campaign Update

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The Stop Explosive Investments campaign update gives an overview of all activities related to the disinvestment campaign since the launch on 29 October 2009.  The update includes information on: Campaign launch Bank meetings and reactions Legislation and parliamentary initiatives Campaign actions in 18 countries Media highlights Other related information Disinvestment Campaign Update (PDF 950KB)

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3 more states take action to ban investments

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This week saw three countries take concrete steps in banning investment in producers of indiscriminate weapons that continue to injure and kill civilians. On 8 December, the Dutch Parliament accepted a motion that prohibits investment in cluster munitions. The move was named a “revolutionary step” by those who have worked on the issues of cluster

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