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Campaign news (archive)

Last remaining U.S. producers declare having ended cluster bomb production

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Photo: Patch file  U.S. arms producer Textron recently declared it has made the final delivery of its Sensor Fuzed Weapon cluster munition, following an earlier announcement that it would end the production of the weapon. Orbital ATK, which produced a key component for Textron’s cluster bomb, also declared it has ended all production and delivery of […]

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Trinidad and Tobago: investments in cluster munitions contravene CCM

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From 28 September to 2 November 2017, states gathered in New York for the First Committee of the United Nations General Assembly. This committee deals with global issues of disarmament, peace and security. During the committee’s discussion of the issue of conventional weapons, representative of the Republic of Trinidad and Tobago ms. Roopnarine issued the statement that

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Italy bans investments in cluster bombs producers

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The Italian Chamber of Deputies. Photo by Nasdaq. On 3 October 2017, the Italian Chamber of Deputies approved legislation prohibiting investments in cluster bomb producers. The new law will prohibit all types of investments in cluster bomb producers for all Italian financial institutions. It was approved with 389 votes in favour, 0 against and 3 abstentions. The Stop Explosive

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7th Meeting of States Parties condemns use of cluster munitions, South Sudan joins treaty

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At the Seventh Meeting of States Parties to the Convention on Cluster Munitions, which took place in Geneva this week, States Parties condemned all use of cluster munitions by any actors, including the continued use in Syria and Yemen. Good news from the meeting came from South Sudan, which announced it will accede to the

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Peru: financing of cluster munition producers is prohibited under the Convention on Cluster Munitions

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Peru is the latest country to join the growing group of States that view investments in cluster munition producers as prohibited. From 4-6 September 2017 the yearly Meeting of States Parties of the Convention on Cluster Munitions (CCM) takes place in Geneva. During this multilateral meeting a delegate of Peru issued the statement that Peru

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Update: Tokio launch 2017 update ‘Worldwide Investments in Cluster Munitions’ report

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On Tuesday May 23, the 2017 update of the report ‘Worldwide Investments in Cluster Munitions’ was launched in Tokyo (Japan) with a press conference. The CMC, PAX, and the Japanese Campaign to Ban Landmines (JCBL) also met with representatives of members of the Japanese Parliament, Ministry of Foreign Affairs and the Government Pension Investment Fund

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2017 Explosive Investment report released in Tokyo

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Tokyo / Amsterdam, 23 May, 2017 – In the past 4 years, 166 financial institutions from 14 countries invested US$ 31 billion into 6 cluster bomb producers. Though US companies account for 69% of these explosive investments, Asian financial institutions also form a large part of investments, with US $7 billion invested globally. This year also,

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Billions $ invested in producers of globally banned cluster bombs

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Photo: Iraqi cluster munition survivor ©CMC (Tokyo, 23 May 2017) – While 119 nations have joined the 2008 Convention on Cluster Munitions to rid the world of cluster munitions, in the past four years, 166 financial institutions invested US$31 billion in companies that produce cluster munitions. Investing in cluster munitions is morally unacceptable with devastating

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Japanese campaigners organize ‘Our Money and Our Responsibility’ symposium to end investments in cluster munitions

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On 15 March, Cluster Munition Coalition-member the Japan Campaign to Ban Landmines (JCBL), organized a conference to put an end to investments in cluster munitions. The symposium, titled “Our money and our responsibility” was attended by a full room of participants. As the June 2016 update of PAX’s ‘Worldwide Investments in Cluster Munitions; a shared

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Australian asset manager AMP: new policy excludes cluster munitions producers

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Australian asset manager AMP announced the adoption of a new framework for responsible investments last week. Under this framework, producers of cluster munitions, landmines, biological and chemical weapons will be excluded from AMP’s investments, because “their products indiscriminately kill through normal use (including during peacetime) and their use leaves a legacy of significant and specific

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