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

Madrid Climate Talks: Decade Ending 2019 Likely To Be Hottest On Record

Exceptional global heat driven by greenhouse gas emissions mean this decade will most likely go down as the warmest on record, according to the World Meteorological Organization...

The agency also finds that 2019 is on track to be the second or third warmest year in history, with the global average temperature during January through October, roughly 1.1 degrees Celsius above the pre-industrial era.

“If we do not take urgent climate action now, then we are heading for a temperature increase of more than 3°C by the end of the century, with ever more harmful impacts on human wellbeing.” More>>


NZ First Conflicts Of Interest: New Details Around Timeline

New information has emerged showing it was the New Zealand First chief of staff who identified potential conflicts of interest between a forestry company and two senior government ministers, sparking a series of declarations. More>>



Five New Cancer Meds In Six Months: Pharmac Funds More Cancer Medicines, Faster Assessment

PHARMAC has confirmed that two new medicines – olaparib for ovarian cancer and fulvestrant for breast cancer – have been approved for funding... Rituximab and bortezomib, which are already funded, have also been approved for widened access following successful commercial proposals from new suppliers. More>>


Gordon Campbell: On Stoking Fears About Cannabis Law Reform

It was always going to be hard to have a rational debate on cannabis reform. Far easier for politicians to win votes by stoking alarm... More>>


Tūhoronuku Mandate Recognition Ends: "New Opportunity" For Ngāpuhi Treaty Negotiations

The Crown is providing an opportunity for the hapu of Ngāpuhi to rebuild its framework from the ground up for collective negotiations to deal with its historical Treaty claims... More>>


Pike River: Next Phase Of Recovery Underway

“Fresh air will be pumped into the Pike River Mine drift this week, following acceptance of the plan for re-entry beyond the 170m barrier by New Zealand’s independent health and safety regulator WorkSafe." More>>


Peters Stoic: Russia On Afghan Firing Range Deaths

The foreign minister won't be calling in the Russian ambassador concerning comments made about New Zealand soldiers in Afghanistan. In a media briefing late last month, Russian Foreign Ministry spokesperson Maria Zakharova said New Zealand must investigate crimes against civilians. More>>


Christchurch Call: Online Crisis Response Workshop In Wellington

Governments and tech companies are holding a two-day workshop, hosted by YouTube/Google in Wellington, to test the Christchurch Call Shared Crisis Response Protocol. More>>





InfoPages News Channels