Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Human Rights Watch targets Israeli banks... NZ Super fund

Human Rights Watch targets Israeli banks – invested in by NZ Super Fund

The Palestine Solidarity Network has renewed calls for the NZ Super Fund to divest its shareholding in Israeli banks which invest in the illegal construction of Jewish only settlements in the Palestinian Occupied Territories.

Human Rights Watch has just listed a number of Israeli banks which fund construction of these settlements, which Human Rights Watch says is complicit in the occupation of Palestinian land and in breach of international law.

The New Zealand Super Fund invests in four of the banks identified by Human Rights Watch; Bank Hapoalim, Bank Leumi, Mizrahi Tefahot and the First International Bank of Israel.

Human Rights Watch says Bank Hapoalim funds construction at the settlements of Efrat and Beitar Illit. The Super Fund’s investment in Bank Hopoalim is worth $2.9 million.

Bank Leumi is banking construction at Alfei Menashi. The Fund investment in Bank Leumi is $2.6 million.

The greatest extent of revealed bank loans for Israeli settlements is with Mizrahi Tefahot, with loans to multiple settlements in all of Ariel, Efrat, Elkana, Ma’aleh Adumin.

Mizrahi Tefahot also funds building work at Kiryat Arba. This settlement is one of the oldest and most notorious of Israeli settlements. One settler from Kiryat Arba was Baruch Goldstein who murdered 29 Palestinians in the Cave of the Patriarchs in 1994.

The Super Fund lists its most recent shareholding in Mizrahi Tefahot at $934,111.

Spokesperson for the Palestine Solidarity Network in Auckland, Janfrie Wakim, says the Super Fund divested its stake in three Israeli companies on 2012 because they were building Israeli settlements.

“Then the Super Fund appears to have got cold feet and claimed that while building illegal Israeli settlements was wrong, paying for their construction was not objectionable.”

Wakim says if the Super Fund doesn’t act on the Human Rights Watch information, then the New Zealand government must instruct the Super Fund.

“The government has powers to give direction to the Super Fund through the Finance Minister. We’ve just had the massacre of more than 100 Palestinians by Israeli snipers in Gaza and the Israeli Defence Minister has announced a massive speed up of illegal settlements in the occupied West Bank.”

“New Zealand needs send a clear message to Israel that even if the United States is encouraging Israel to act outside the law, then other countries are not prepared to accept it.”



© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

New Reports: Flood Risk From Rain And Sea Under Climate Change

One report looks at what would happen when rivers are flooded by heavy rain and storms, while the other examines flooding exposure in coastal and harbour areas and how that might change with sea-level rise.

Their findings show that across the country almost 700,000 people and 411,516 buildings worth $135 billion are presently exposed to river flooding in the event of extreme weather events...

There is near certainty that the sea will rise 20-30 cm by 2040. By the end of the century, depending on whether global greenhouse gas emissions are reduced, it could rise by between 0.5 to 1.1 m, which could add an additional 116,000 people exposed to extreme coastal storm flooding. More>>



Gordon Campbell: On The Commerce Commission Fuel Report

The interim Commerce Commission report on the fuel industry will do nothing to endear the major oil companies to the New Zealand public... More>>


Emergency Govt Bill: Overriding Local Licensing For The Rugby

“It’s pretty clear some clubs are having difficulty persuading their district licensing committees to grant a special licence to extend their hours for this obviously special event, and so it makes sense for Parliament to allow clubs to meet a community desire." More>>


Leaving Contract Early: KiwiBuild Programme Losing Another Top Boss

Ms O'Sullivan began a six-month contract as head of KiwiBuild Commercial in February, but the Housing Ministry has confirmed she has resigned and will depart a month early to take up a new job. More>>


Proposed National Policy Statement: Helping Our Cities Grow Up And Out

“We need a new approach to planning that allows our cities to grow up, especially in city centres and around transport connections. We also have to allow cities to expand in a way that protects our special heritage areas, the natural environment and highly productive land." More>>


Ombudsman's Report: Ngāpuhi Elder 'Shocked' By Conditions At Ngawha Prison

A prominent Ngāpuhi elder is shocked to find inmates at Ngawha Prison are denied water and forced to relieve themselves in the exercise yard... Chief Ombudsman Peter Boshier has released a report highly critical of conditions at the Northland prison. More>>


Promises: Independent Election Policy Costing Unit A Step Closer

The creation of an entity to provide political parties with independent and non-partisan policy costings is a step closer today, according to Finance Minister Grant Robertson and Associate Finance Minister James Shaw. More>>


School's In: Primary And Intermediate Principals Accept New Offer

Primary and intermediate school principals have voted to accept a new settlement from the Ministry of Education, which includes entrenched pay parity with secondary principals. More>>


IPCA On 'Rawshark' Investigation: Multiple Police Failings In Hager Searches Confirmed

The Independent Police Conduct Authority has found that the Police's unlawful search of Nicky Hager's property in October 2014 resulted from an unwitting neglect of duty and did not amount to misconduct by any individual officer... More>>


Broadcasting Standards: Decisions On Coverage Of Mosque Attacks

The Authority upheld one of these complaints, finding that the use of extensive excerpts from the alleged attacker’s livestream video on Sky News New Zealand had the potential to cause significant distress to audiences in New Zealand, and particularly to the family and friends of victims, and the wider Muslim community. More>>




InfoPages News Channels