U.K. Councils Invest Half Billion of Pension Money into Weapons and Arms Companies

War is money, and the local authorities in the U.K. know it. More than half a billion pounds of pension money is being invested into arms manufacturing companies. These companies have direct links to sales with Saudi Arabia in their war-mongering effort in Yemen.

_{wikimedia, flickr}

Some of the companies being invested in are BAE Systems, Airbus, Lockheed Martin, Raytheon and Northrop Grumman. The 43 pension funds are holding shares in these and other companies. But in these 5 companies alone, there is over 566 million pounds invested. In 2018, this investment earned them more than 18.5 million pounds in dividends.

These authorities care more about money than lives. Who cares how your money is being used, as long as you make some profit and your investment grows, right? Thousands of civilian deaths and the worst famine in the world, but whatever.

Council workers will have their retirements paid out in blood money as they grow old, while the lives of many are robbed short. Some might be upset to find out where their retirement money is coming from, but how many is that really? Maybe some will find out, but for most who do, after a quick little shrug of distaste, the money will soothe them right back into complacency.

Labour MP Lloyd Russell-Moyle has something to say about this whole blood-money issue:

"British council workers’ retirement income is being funded by companies that have been allowed by the British and American governments to make much of their profits by satisfying the appetite of Saudi to kill, maim and starve millions of civilians in Yemen."

He makes a good point that the funds for retirement "should be invested in the public good, not in companies that profit from war and conflict". If only others had the same level of moral conviction But the love and desire for money makes many people blind to immorality.

Arms companies make money by profiting from conflict and war, but should government pensions? Well, the government profits off of it too, so honestly, why should pension be any different and give the authorities any moment to feel guilty.

Lockheed Martin helps to build the GBU-12 Paveway II missile. This missile was used by the Saudi-coalition against Yemen, killing 40 children on a school bus. Raytheon makes Paveway missiles whose shards have been found in several sites where civilians died. Airbus makes Eurofighter Typhoons and BAE Systems makes Tornado fighter-bombers. All of these are used to killed civilians.

These deaths are just "collateral damage" for those who just seek profit. Tameside council referred to it's "investment policy" which says "applying ethical, environmental or any other non-commercial policy either to investments generally or to selecting fund managers would be inconsistent with our legal duties and responsibilities".

So there you have. Councils are beholden to legal monetary duties and responsibilities, not ethical ones when they find and pick places to invest money. Moral concern is absent, as the only concern they have is generating money for the pension funds. How pathetic. THis is what "leadership" looks like in our corrupted world.

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Thank you for your time and attention. Peace.

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