ICAN condemns surge in nuclear arms investments

GENEVA: Global nuclear tensions helped boost investments in atomic weapons production by around $81 billion last year, campaigners said yesterday, urging investors to blacklist the companies that stock the world’s nuclear arsenals, reports AFP.

“If you have been wondering who benefits from (US President) Donald Trump’s threat of nuclear war, this report has the answer,” said Beatrice Fihn, who heads the International Campaign to Abolish Nuclear Weapons (ICAN). ICAN won the 2017 Nobel Peace Prize.

In a report, ICAN and another anti-nuclear campaign group PAX detailed a “massive increase” in investments in the top 20 companies involved in producing key components for the nuclear arsenals of Britain, France, India and the United States.

The report, titled “Don’t Bank on the Bomb”, found that a total of $525 billion (422 billion euros) was made available last year to such companies—an increase of $81 billion from 2016.

 

ICAN condemns surge in nuclear arms investments

GENEVA: Global nuclear tensions helped boost investments in atomic weapons production by around $81 billion last year, campaigners said yesterday, urging investors to blacklist the companies that stock the worlds nuclear arsenals, reports AFP. If you have been wondering who benefits from (US President) Donald Trumps threat of nuclear war, this report has the answer, said Beatrice Fihn, who heads the International Campaign to Abolish Nuclear Weapons (ICAN). ICAN won the 2017 Nobel Peace Prize. In a report, ICAN and another anti-nuclear campaign group PAX detailed a massive increase in investments in the top 20 companies involved in producing key components for the nuclear arsenals of Britain, France, India and the United States. The report, titled Dont Bank on the Bomb, found that a total of $525 billion (422 billion euros) was made available last year to such companiesan increase of $81 billion from 2016.