By Neena Bhandari
Sydney, 22.11.2019 (IDN-InDepthNews): A new campaign is encouraging Australians to urge their superannuation funds to exclude nuclear weapons producers from their investments, consistent with the United Nations Treaty on the Prohibition of Nuclear Weapons (TPNW), which has been ratified by 33 states and needs another 17 ratifications to become enforceable under international law – 90 days after the fiftieth instrument of ratification.
A joint initiative of the Medical Association for Prevention of War (MAPW) and International Campaign to Abolish Nuclear Weapons (ICAN), the Quit Nukes campaign is an Australian project that works in collaboration with Pax, the producers of the annual ‘Don’t Bank on the Bomb’ report, which documents the global financing of nuclear weapons.
Quit Nukes Director Margaret Peril said: “The campaign is initially targeting the Australian superannuation industry, which currently invests over two trillion US dollars on behalf of its members, making it one of the largest pension fund assets worldwide.”
