Over £1bn of public sector workers’ pension money has been invested in companies aiding Israel’s attacks on Gaza – including by councils that boast about providing sanctuary for refugees.
According to the Palestine Solidarity Campaign (PSC) group, 52 of the 86 Local Government Pension Scheme (LGPS) funds across England and Wales have investments totalling £1.1bn in firms supplying weapons or systems to Israel. These include Lockheed Martin, RTX/Raytheon and Northrop Grumman – some of the world’s largest arms manufacturers. Investments have also been made in Elbit Systems – Israel’s largest weapons maker.
The number of funds with money invested in any company deemed by PSC to be “complicit” in Israel’s occupation of Palestine because of “products, equipment and services it receives” rises to 63 – and the total sum invested is north of £4.6bn.
