Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Govt Found Investing Illegally In Cluster Bombs

7 December 2012

Govt Found Investing Illegally In Cluster Bombs

The Green Party has discovered the Government continues to invest in cluster bomb manufacturers despite making a specific commitment not to.

Answers to Parliamentary written questions lodged by the Green Party show that the Government’s National Provident Fund and Government Superannuation Fund invest, through trusts and investment vehicles, $2.2 million in three companies that are involved in the production of cluster bombs, despite section 10 of the Cluster Munitions Prohibition Act 2009 which specifically prohibits it. The companies involved are: Lockheed Martin, Raytheon, and L-3 Communications.

“New Zealanders will be horrified to know their Government is profiting from the production of cluster munitions – bombs that kill so indiscriminately, 98 percent of all reported casualties from them are civilians,” said Green Party Co-leader Dr Russel Norman.

“When we adopted the Cluster Munitions Convention in 2008, we made a commitment to ‘never under any circumstances assist or encourage’ the cluster munitions industry.

“The National Government has been complacent in managing our humanitarian responsibilities to the wider world; profiting from cluster bombs is simply immoral and must end.

“An opinion sought from the Auditor General maintains that investment in cluster bomb manufacturers is clearly illegal.

“Bill English must direct the National Provident Fund and Government Superannuation Fund to divest from investment vehicles that hold companies involved in the manufacture of cluster bombs and ensure they improve their screening systems so this doesn’t happen again.”

The Parliamentary questions also revealed the two government-run funds had investments in trusts and investment vehicles that include tobacco companies and companies involved in the production of nuclear weapons.

“The New Zealand Superannuation Fund has divested from companies that manufacture cluster munitions, nuclear weapons, or tobacco products,” said Dr Norman.

“Divestment was initiated to avoid damaging our reputation as a responsible member of the world community.

“We’d like to see the National Provident Fund and Government Superannuation Fund divest from investment vehicles that hold tobacco and nuclear weapons manufacturers as well – following the lead of the New Zealand Superannuation Fund.

“It's not in our interests (or our children's) to profit from the proliferation of nuclear weapons, cluster munitions, or the expansion of the tobacco industry,” said Dr Norman.

Parliamentary questions, supporting information, and Auditor General opinion:
http://www.greens.org.nz/sites/default/files/green_party_parliamentary_questions_on_ethical_investment.pdf


ENDS


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: A Govt. Christmas Bad News Dump -The Skycity Convention Center Blowout & A Negative MBIE Review

If the government really did have good tidings of great joy you can bet it wouldn’t be strewing them about at Christmas time – which is, traditionally, the dumping ground for terrible news that the government fervently hopes the public will be too distracted to notice. And so verily this Christmas Eve we learn of (a) the explosion of costs to the taxpayer and ratepayer of the vile SkyCity convention centre in Auckland and that (b) the government’s flagship MBIE “super-ministry” run by its Minister of Everything is a disaster zone of incompetence and mismanagement. MBIE is a Titanic looking for an iceberg, or so it would seem. More>>

 

Parliament Adjourns:

Greens: CAA Airport Door Report Conflicts With Brownlee’s Claims

The heavily redacted report into the incident shows conflicting versions of events as told by Gerry Brownlee and the Christchurch airport security staff. The report disputes Brownlee’s claim that he was allowed through, and states that he instead pushed his way through. More>>

ALSO:

TAIC: Final Report On Grounding Of MV Rena

Factors that directly contributed to the grounding included the crew:
- not following standard good practice for planning and executing the voyage
- not following standard good practice for navigation watchkeeping
- not following standard good practice when taking over control of the ship. More>>

ALSO:

Gordon Campbell:
On The Pakistan Schoolchildren Killings

The slaughter of the children in Pakistan is incomprehensibly awful. On the side, it has thrown a spotlight onto something that’s become a pop cultural meme. Fans of the Homeland TV series will be well aware of the collusion between sections of the Pakistan military/security establishment on one hand and sections of the Taliban of the other… More>>

ALSO:

Werewolf Satire:
The Politician’s Song

am a perfect picture of the modern politic-i-an:
I don’t precisely have a plan so much as an ambition;
‘Say what will sound most pleasant to the public’ is my main dictum:
And when in doubt attack someone who already is a victim More>>

ALSO:

Flight: Review Into Phillip Smith’s Escape Submitted To Government

The review follows an earlier operational review by the Department of Corrections and interim measures put in place by the Department shortly after prisoner Smith’s escape, and will inform the Government Inquiry currently underway. More>>

ALSO:

Intelligence: Inspector-General Accepts Apology For Leak Of Report

The Inspector-General of Intelligence and Security, Cheryl Gwyn, has accepted an unreserved apology from Hon Phil Goff MP for disclosing some of the contents of her recent Report into the Release of Information by the NZSIS in July and August 2011 to media prior to its publication. The Inspector-General will not take the matter any further. More>>

ALSO:

Drink: Alcohol Advertising Report Released

The report of the Ministerial Forum on Alcohol Advertising and Sponsorship has been released today, with Ministers noting that further work will be required on the feasibility and impact of the proposals. More>>

ALSO:

Other Report:

Leaked Cabinet Papers: Treasury Calls For Health Cuts

Leaked Cabinet papers that show that Government has been advised to cut the health budget by around $200 million is ringing alarm bells throughout the nursing and midwifery community. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news